(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;
(b) Deliver its annual report to the Department of State by 5 p.m. Eastern Time on the third Friday in September;
(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) If the Department of State determines that one or more grounds exist under this section for revocation of a foreign limited partnership, it shall notify the foreign limited partnership of its intent to revoke the foreign limited partnership’s certificate of authority. If the foreign limited partnership has provided the department with an electronic mail address, such notice shall be by electronic transmission. Revocation for failure to file an annual report shall occur on the fourth Friday in September of each year. The Department of State shall issue a certificate of revocation to each revoked foreign limited partnership. Issuance of the certificate of revocation may be by electronic transmission to any foreign limited partnership that has provided the department with an electronic mail address.
(3) If within 60 days after sending a notice of revocation, the foreign limited partnership does not correct each ground for revocation under paragraph (1)(a), paragraph (1)(c), or paragraph (1)(d), or demonstrate to the reasonable satisfaction of the Department of State that each ground determined by the department does not exist, the department shall revoke the foreign limited partnership’s authority to transact business in this state and issue a certificate of revocation that states the grounds for revocation. Issuance of the certificate of revocation may be by electronic transmission to any foreign limited partnership that has provided the department with an electronic mail address.
(4) The authority of the foreign limited partnership to transact business in this state ceases on the effective date of the certificate of revocation unless before that date the foreign limited partnership cures each failure to comply with subsection (1).
History.—s. 17, ch. 2005-267; s. 22, ch. 2009-72.
Structure Florida Statutes
Title XXXVI - Business Organizations
Chapter 620 - Partnership Laws
Part I - Florida Revised Uniform Limited Partnership Act of 2005 (Ss. 620.1101-620.2205)
620.1103 - Knowledge and notice.
620.1104 - Nature, purpose, and duration of entity.
620.1107 - Supplemental principles of law; rate of interest.
620.1109 - Department of State; fees.
620.1110 - Effect of partnership agreement; nonwaivable provisions.
620.1111 - Required information.
620.1112 - Business transactions of partner with partnership.
620.1114 - Designated office, registered office, and registered agent.
620.1115 - Change of registered agent or registered office.
620.1116 - Resignation of registered agent.
620.1117 - Service of process.
620.1118 - Consent and proxies of partners.
620.1201 - Formation of limited partnership; certificate of limited partnership.
620.1202 - Amendment or restatement of certificate.
620.1203 - Certificate of dissolution; statement of termination.
620.1204 - Signing of records.
620.1205 - Signing and filing pursuant to judicial order.
620.1207 - Correcting filed record.
620.1208 - Liability for false information in filed record.
620.1209 - Certificate of status.
620.1210 - Annual report for Department of State.
620.1301 - Becoming limited partner.
620.1303 - No liability as limited partner for limited partnership obligations.
620.1304 - Right of limited partner and former limited partner to information.
620.1305 - Limited duties of limited partners.
620.1306 - Person erroneously believing self to be limited partner.
620.1401 - Becoming general partner.
620.1402 - General partner agent of limited partnership.
620.1403 - Limited partnership liable for general partner’s actionable conduct.
620.1404 - General partner’s liability.
620.1405 - Actions by and against partnership and partners.
620.1406 - Management rights of general partner; approval rights of other partners.
620.1407 - Right of general partner and former general partner to information.
620.1408 - General standards of conduct for general partner.
620.1501 - Form of contribution.
620.1502 - Liability for contribution.
620.1503 - Sharing of profits, losses, and distributions.
620.1504 - Interim distributions.
620.1505 - No distribution on account of dissociation.
620.1506 - Distribution in kind.
620.1507 - Right to distribution.
620.1508 - Limitations on distribution.
620.1509 - Liability for improper distributions.
620.1601 - Dissociation as limited partner.
620.1602 - Effect of dissociation as limited partner.
620.1603 - Dissociation as general partner.
620.1604 - Person’s power to dissociate as general partner; wrongful dissociation.
620.1605 - Effect of dissociation as general partner.
620.1607 - Liability to other persons of person dissociated as general partner.
620.1701 - Partner’s transferable interest; certificates.
620.1702 - Transfer of partner’s transferable interest.
620.1703 - Rights of creditor of partner or transferee.
620.1704 - Power of estate of deceased partner.
620.1801 - Nonjudicial dissolution.
620.1802 - Judicial dissolution.
620.1806 - Known claims against dissolved limited partnership.
620.1807 - Unknown claims against dissolved limited partnership.
620.1809 - Administrative dissolution.
620.1810 - Reinstatement following administrative dissolution.
620.1811 - Appeal from denial of reinstatement.
620.1812 - Revocation of dissolution.
620.1813 - Disposition of assets; when contributions required.
620.1901 - Governing law regarding foreign limited partnerships.
620.1902 - Application for certificate of authority.
620.1903 - Activities not constituting transacting business.
620.1904 - Filing of certificate of authority.
620.1905 - Noncomplying name of foreign limited partnership.
620.1906 - Revocation of certificate of authority.
620.1907 - Cancellation of certificate of authority; effect of failure to have certificate.
620.1908 - Action by Attorney General.
620.1909 - Reinstatement following administrative revocation.
620.1910 - Amending certificate of authority.
620.2001 - Direct action by partner.
620.2005 - Proceeds and expenses.
620.2103 - Action on plan of conversion by converting limited partnership.
620.2104 - Filings required for conversion; effective date.
620.2105 - Effect of conversion.
620.2107 - Action on plan of merger by constituent limited partnership.
620.2108 - Filings required for merger; effective date.
620.2111 - Liability of general partner after conversion or merger.
620.2113 - Appraisal rights; definitions.
620.2114 - Right of limited partners to appraisal.
620.2115 - Assertion of rights by nominees and beneficial owners.
620.2116 - Notice of appraisal rights.
620.2117 - Notice of intent to demand payment.
620.2118 - Appraisal notice and form.
620.2119 - Perfection of rights; right to withdraw.
620.2120 - Limited partner’s acceptance of limited partnership’s offer.
620.2121 - Procedure if limited partner is dissatisfied with offer.
620.2123 - Court costs and counsel fees.
620.2124 - Limitation on limited partnership payment.
620.2125 - Application of other laws to provisions governing conversions and mergers.
620.2201 - Uniformity of application and construction.
620.2202 - Severability clause.
620.2203 - Relation to Electronic Signatures in Global and National Commerce Act.