(]) A foreign limited partnership doing business in the Commonwealth shall submit to the Division within ten days after it commences doing business in the commonwealth, an application for registration as a foreign limited partnership. The application shall be accompanied by a certificate of legal existence or a certificate of good standing of the foreign limited partnership, issued not more than 90 days prior to submission, by an officer or agency properly authorized in the jurisdiction where the foreign limited partnership is organized. If the certificate or such evidence is in a foreign language, a translation thereof, under oath of the translator, shall be attached. The application shall set forth in the order provided in 950 CMR 108.22( I)( a) through (h), the following:
- (a) the name of the foreign limited partnership and, if different, the name under which it proposes to do business in the Commonwealth;
- (b) the jurisdiction where such limited partnership was organized and the date of its organization; ( c) the general character of the business the foreign limited partnership proposes to do in the Commonwealth; ( d) the business address of its principal office; ( e) the name, business address and residence address of its general partners;
- (f) the business address of its principal office in the Commonwealth, if any;
- (g) the name and street address of the agent for service of process in the Commonwealth and the agent's written consent to the appointment either on the certificate or attached thereto;
- (h) the address of the office at which is kept a list of the names and addresses of the limited partners and their capital contributions, together v.'ith an undertaking by the foreign limited partnership to keep those records until the foreign limited partnership's registration in the Commonwealth is cancelled.
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- (2) If the foreign limited partnership's certificate from its jurisdiction of organization sets forth any part of the information required to be set forth in the application for registration, the foreign limited partnership may submit a certified copy of such certificate, with a sworn translation, if necessary, in lieu of such part of the application for registration.
- (3) The fee for filing the application ofregistration shall be $200.00.
108.23: Foreign Limited Partnership: Amendment to Registration
If any statement in the application for registration of a foreign limited partnership was false when made or any arrangement or other facts described have changed, making the application inaccurate in any respect, the foreign limited partnership shall promptly file with the Division a certificate signed by a general partner correcting or amending such statement. The fee for filing the amendment shall be $100.00.
108.24: Revocation of Authority to Transact Business in the Commonwealth
- (1) If a foreign limited partnership has failed for two consecutive years to comply with the provisions of law requiring the filing of annual reports or if the Director is satisfied that the revocation of the foreign limited partnership's authority to transact business in the Commonwealth would be in the public interest, the Division may commence a proceeding to revoke the authority of the foreign limited partnership to transact business in the Commonwealth.
- (2) The revocation of authority of a foreign limited partnership shall be deemed to be in the public interest, if the foreign limited partnership fails to appoint a resident agent within 60 days after notice from the Division to the foreign limited partnership of the requirement to maintain a resident agent and office in the commonwealth.
- (3) The Division shall give written notice to the foreign limited partnership that one or more grounds exist for administrative revocation of its authority to transact business in the Commonwealth. The notice shall be sent by mail postage prepaid to the address of the foreign limited partnership in the Division records. If the foreign limited partnership does not correct each ground for revocation or demonstrate to the reasonable satisfaction of the Division that each ground does not exist within 90 days after the date of the notice, the Division shall administratively revoke the authority of the foreign limited partnership to transact business in the Commonwealth.