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House Journal: Page 742: Monday, March 24, 1997

Page 2  

 1   on any business except that necessary to wind up and
 2   liquidate its business and affairs under section
 3   487.803.
 4     4.  The administrative dissolution of a limited
 5   partnership does not terminate the authority of its
 6   registered agent.
 7     5.  The secretary of state's administrative
 8   dissolution of a limited partnership pursuant to this
 9   section appoints the secretary of state the limited
10   partnership's agent for service of process in any
11   proceeding based on a cause of action which arose
12   during the time the limited partnership was authorized
13   to transact business in this state.  Service of
14   process on the secretary of state under this
15   subsection is service on the limited partnership.
16   Upon receipt of process, the secretary of state shall
17   serve a copy of the process on the limited partnership
18   as provided in section 487.104.  This subsection does
19   not preclude service on the limited partnership's
20   registered agent, if any.
21     Sec. ___.  NEW SECTION.  487.812  REINSTATEMENT
22   FOLLOWING ADMINISTRATIVE DISSOLUTION.
23     1.  A limited partnership administratively
24   dissolved under section 487.811 may apply to the
25   secretary of state for reinstatement within two years
26   after the effective date of dissolution.  The
27   application must meet all of the following
28   requirements:
29     a.  Recite the name of the limited partnership at
30   its date of dissolution and the effective date of its
31   administrative dissolution.
32     b.  State that the ground or grounds for
33   dissolution have been eliminated.
34     c.  State a name that satisfies the requirements of
35   section 487.102.
36     2.  If the secretary of state determines that the
37   application contains the information required by
38   subsection 1, and that the information is correct, the
39   secretary of state shall cancel the certificate of
40   dissolution and prepare a certificate of reinstatement
41   that recites the secretary of state's determination
42   and the effective date of reinstatement, file the
43   original of the certificate, and serve a copy on the
44   limited partnership under section 487.104.  If the
45   limited partnership's name in subsection 1, paragraph
46   "c", is different than the limited partnership's name
47   in subsection 1, paragraph "a", the certificate of
48   reinstatement shall constitute an amendment to the
49   articles of limited partnership insofar as it pertains
50   to the limited partnership's name.

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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