Limited liability partnerships; cancellation of status. (SB1328)
Introduced By
Sen. Don McEachin (D-Richmond)
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Limited liability partnerships; cancellation of status. Provides for the cancellation, rather than the revocation, of registered limited liability partnership status. The revision conforms these provisions to those applicable to other business entities. The measure also (i) provides for the automatic cancellation of status of a domestic or foreign partnership if its registered agent resigns and a replacement is not timely appointed; (ii) requires a written application for restoration of status as a registered limited liability partnership; and (iii) makes technical changes. Amends § 50-73.132 (“Registered limited liability partnerships.”), § 50-73.134 (“Registered limited liability partnership annual continuation reports.”), § 50-73.135 (“Registered office and registered agent.”), § 50-73.136 (“Amendment of statement of registration; effect of statement of registration.”), § 50-73.137:1 (“Effect of cancellation of limited partnership certificate or registration.”), § 50-73.138 (“Registration of foreign registered limited liability partnerships.”), § 50-73.83 (“Execution, filing, and recording of statements; refunds; penalty.”), of the Code of Virginia. View Full Text »
