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House Journal: Page 741: Monday, March 24, 1997

H-1275

 1     Amend the amendment, H-1273, to House File 642, as
 2   follows:
 3     1.  Page 1, line 3, by inserting after the word
 4   "limited" the following:  "liability".
 5     2.  Page 1, line 5, by inserting after the word
 6   "limited" the following:  "liability".
 7     3.  Page 1, line 8, by inserting after the word
 8   "limited" the following:  "liability".
 9     4.  Page 1, by inserting after line 46 the
10   following:
11     "   .  Page 13, line 4, by striking the word "NEW"
12   and inserting the following:  "NEW".
13        .  Page 25, by inserting after line 2 the
14   following:
15     "Sec. ___.  NEW SECTION.  487.810  GROUNDS FOR
16   ADMINISTRATIVE DISSOLUTION.
17     The secretary of state may commence a proceeding
18   under section 487.811 to administratively dissolve a
19   limited partnership if any of the following apply:
20     1.  The limited partnership is without a registered
21   agent or registered office in this state for sixty
22   days or more.
23     2.  The limited partnership does not notify the
24   secretary of state within sixty days that its
25   registered agent or registered office has been
26   changed, that its registered agent has resigned, or
27   that its registered office has been discontinued.
28     Sec. ___.  NEW SECTION.  487.811  PROCEDURE FOR AND
29   EFFECT OF ADMINISTRATIVE DISSOLUTION.
30     1.  If the secretary of state determines that one
31   or more grounds exist under section 487.810 for
32   dissolving a limited partnership, the secretary of
33   state shall serve the limited partnership with written
34   notice of the secretary of state's determination under
35   section 487.104.
36     2.  If the limited partnership does not correct
37   each ground for dissolution or demonstrate to the
38   reasonable satisfaction of the secretary of state that
39   each ground determined by the secretary of state to
40   exist does not exist within sixty days after service
41   of the notice is perfected under section 487.104, the
42   secretary of state shall administratively dissolve the
43   limited partnership by signing a certificate of
44   dissolution that recites the ground or grounds for
45   dissolution and its effective date.  The secretary of
46   state shall file the original of the certificate and
47   serve a copy on the limited partnership under section
48   487.104.
49     3.  A limited partnership administratively
50   dissolved continues its existence but shall not carry

Iowa General Assembly

Index: House Journal (77th General Assembly: Session 1)

© 1997 Cornell College and League of Women Voters of Iowa

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