(A) A foreign limited liability partnership transacting business in this State may not maintain an action, suit, or proceeding in a court of this State until the Secretary of State has issued it a certificate of authority to transact business in this State.
(B) The failure of a foreign limited liability partnership to register in this State does not:
(1) impair the validity of any contract or act of the foreign limited liability partnership;
(2) affect the right of any other party to the contract to maintain any action, suit, or proceeding on the contract; or
(3) prevent the foreign limited liability partnership from defending any action, suit, or proceeding in any court of this State.
(C) A foreign limited liability partnership, by transacting business in this State without registration, appoints the Secretary of State as its agent for service of process with respect to a cause of action arising out of the transaction of business in this State.
(D) A foreign limited liability partnership which transacts business in this State without a certificate of authority shall be liable to the State for the years or parts thereof during which it transacted business in this State without a certificate of authority in an amount equal to all fees which would have been imposed by this chapter upon that foreign limited liability partnership had it duly registered, and all penalties imposed by this chapter. The Attorney General may bring proceedings to recover all amounts due this State under the provisions of this section.
(E) A foreign limited liability partnership which transacts business in this State without a certificate of authority shall be subject to a civil penalty, payable to the State of ten dollars per day, not to exceed one thousand dollars per year.
(F) The civil penalty set forth in subsection (E) may be recovered in an action brought within a court by the Attorney General. Upon a finding by the court that a foreign limited liability partnership has transacted business in this State in violation of this chapter, the court shall issue, in addition to the imposition of a civil penalty, an injunction restraining further transactions of the business of the foreign limited liability partnership and the further exercise of any limited liability partnership's rights and privileges in this State. The foreign limited liability partnership shall be enjoined from transacting business in this State until all civil penalties plus any interest and court costs which the court may assess have been paid and until the foreign limited liability partnership has otherwise complied with the provisions of this article.
(G) A partner of a foreign limited liability partnership is not liable for the debts and obligations of the limited liability partnership solely because the limited liability partnership transacted business in this State without registration.
HISTORY: 1994 Act No. 448, Section 10.
Structure South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
Chapter 41 - Uniform Partnership Act
Section 33-41-10. Short title.
Section 33-41-20. Definitions.
Section 33-41-30. What constitutes "knowledge" or "notice" of a fact.
Section 33-41-40. Rules of construction; applicable rules of law; existing rights are not affected.
Section 33-41-50. Rules for cases not provided for.
Section 33-41-210. "Partnership" defined; application to limited partnerships.
Section 33-41-220. Determining existence of partnership.
Section 33-41-230. Partnership property; acquisition and conveyance.
Section 33-41-310. Partner's acts and agency; limitation of authority.
Section 33-41-320. Conveyances of real property of partnership.
Section 33-41-330. Admission or representation by partner as evidence.
Section 33-41-340. Notice to or knowledge of partner.
Section 33-41-350. Liability for wrongful act or omission of partner.
Section 33-41-360. Partnership is bound by partner's breach of trust.
Section 33-41-370. Nature of partners' liability.
Section 33-41-380. Liability as partner by estoppel.
Section 33-41-390. Liability of incoming partner.
Section 33-41-510. Rules determining rights and duties of partners as to partnership.
Section 33-41-520. Partnership books.
Section 33-41-530. Duty of partners to give information.
Section 33-41-540. Partner is accountable as a fiduciary.
Section 33-41-550. Right to formal accounting.
Section 33-41-560. Continuation of partnership beyond fixed term or particular undertaking.
Section 33-41-710. Extent of property rights.
Section 33-41-720. Nature of right in specific partnership property.
Section 33-41-730. Nature of partner's interest in partnership.
Section 33-41-740. Effect of assignment of partner's interest in partnership.
Section 33-41-910. "Dissolution" defined.
Section 33-41-920. Partnership is not terminated by dissolution.
Section 33-41-930. Causes of dissolution.
Section 33-41-940. Dissolution by decree of court.
Section 33-41-950. Effect of dissolution on partner's authority to act.
Section 33-41-960. Liability of partner for acts of other partner upon dissolution.
Section 33-41-970. Power of partner to bind partnership after dissolution.
Section 33-41-980. Satisfying certain liability of partner.
Section 33-41-990. When partnership is not bound by partner after dissolution.
Section 33-41-1000. Liability under Section 33-41-380 not affected.
Section 33-41-1010. Effect of dissolution on existing liability of partner.
Section 33-41-1020. Right to wind up partnership affairs.
Section 33-41-1030. Application of property upon dissolution not in contravention of agreement.
Section 33-41-1040. Rights of partners upon dissolution in contravention of agreement.
Section 33-41-1050. Rights when partnership agreement is rescinded for fraud or misrepresentation.
Section 33-41-1060. Settlement of accounts between partners; rules for distribution.
Section 33-41-1070. Liability of persons continuing business in certain cases.
Section 33-41-1090. Accrual of right to an account.
Section 33-41-1130. Liability insurance.
Section 33-41-1140. Powers granted to limited liability partnership.
Section 33-41-1180. Application for certificate, articles of amendment, amended certificate.
Section 33-41-1190. Foreign limited liability partnership; cancellation of registration.
Section 33-41-1200. Effect of failure of foreign limited liability partnership to register.
Section 33-41-1220. Powers of General Assembly as to regulations, amendment or repeal of statute.
Section 33-41-1320. Effect of merger; service of process; liability for partnership obligations.