§ 7-12.1-1012. Reinstatement. [Effective January 1, 2023.]
(a) Within two (2) years after issuing a certificate of revocation as provided in § 7-12.1-1011, the secretary of state may withdraw the certificate of revocation and retroactively reinstate the limited liability partnership in good standing as if its certificate of registration of limited liability partnership had not been revoked except as subsequently provided:
(1) On the filing by the limited liability partnership of the documents it had previously failed to file as set forth in §§ 7-12.1-1006(a)(3) through 7-12.1-1006(a)(7).
(2) On the payment by the limited liability partnership of a penalty in the amount of fifty dollars ($50.00) for each year or part of year that has elapsed since the issuance of the certificate of revocation.
(b) If, as permitted by the provisions of this chapter or chapter 1.2, 6, 12, or 13.1 of this title, another limited liability company, business or nonprofit corporation, registered limited liability partnership or a limited liability partnership, or in each case domestic or foreign, authorized and qualified to transact business in this state, bears or has filed a fictitious business name statement as to or reserved or registered a name that is the same as, the name of the limited liability partnership with respect to which the certificate of revocation is proposed to be withdrawn, then the secretary of state shall condition the withdrawal of the certificate of revocation on the reinstated limited liability partnership amending its certificate of registration so as to designate a name that meets the requirements of § 7-12.1-902 by adopting an alternate name pursuant to § 7-12.1-1006(a).
(c) When reinstatement under this section has become effective, the following rules apply:
(1) The reinstatement relates back to and takes effect as of the effective date of the certificate of revocation.
(2) The limited liability partnership resumes carrying on its activities and affairs as if the revocation had not occurred.
(3) The rights of a person arising out of an act or omission in reliance on the revocation before the person knew or had notice of the reinstatement are not affected.
History of Section.P.L. 2022, ch. 123, § 2, effective January 1, 2023; P.L. 2022, ch. 124, § 2, effective January 1, 2023.
Structure Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-12.1 - Uniform Partnership Act [Effective January 1, 2023.]
Article 10 - Foreign Limited Liability Partnership [Effective January 1, 2023.]
Section 7-12.1-1001. - Governing law. [Effective January 1, 2023.]
Section 7-12.1-1002. - Registration to do business in this state. [Effective January 1, 2023.]
Section 7-12.1-1003. - Foreign registration statement. [Effective January 1, 2023.]
Section 7-12.1-1004. - Amendment of foreign registration statement. [Effective January 1, 2023.]
Section 7-12.1-1005. - Activities not constituting doing business. [Effective January 1, 2023.]
Section 7-12.1-1009. - Transfer of registration. [Effective January 1, 2023.]
Section 7-12.1-1010. - Revocation of registration. [Effective January 1, 2023.]
Section 7-12.1-1011. - Issuance of certificates of revocation. [Effective January 1, 2023.]
Section 7-12.1-1012. - Reinstatement. [Effective January 1, 2023.]
Section 7-12.1-1014. - Action by attorney general. [Effective January 1, 2023.]