The Florida Senate

620.1906  Revocation of certificate of authority.--

(1)  A certificate of authority of a foreign limited partnership to transact business in this state may be revoked by the Department of State in the manner provided in subsections (2) and (3) if the foreign limited partnership does not:

(a)  Pay, within 60 days after the due date, any fee or penalty due to the Department of State under this act or other law;

(b)  Deliver, within 60 days after the due date, its annual report required under s. 620.1210;

(c)  Appoint and maintain an agent for service of process as required by s. 620.1114(2); or

(d)  Deliver for filing a statement of a change under s. 620.1115 within 30 days after a change has occurred in the name or address of the agent.

(2)  In order to revoke a certificate of authority, the Department of State must prepare, sign, and file a notice of revocation and send a copy to the foreign limited partnership. The notice must state:

(a)  The effective date of the revocation, which must be at least 60 days after the date the Department of State sends the copy.

(b)  The foreign limited partnership's failures to comply with subsection (1) which are the reason for the revocation.

(3)  The authority of the foreign limited partnership to transact business in this state ceases on the effective date of the notice of revocation unless before that date the foreign limited partnership cures each failure to comply with subsection (1) stated in the notice. If the foreign limited partnership cures the failures, the Department of State shall so indicate on the filed notice.

History.--s. 17, ch. 2005-267.