A certificate of limited partnership shall be cancelled upon the dissolution and the commencement of winding up of the partnership or at any other time that there are no limited partners. A certificate of cancellation shall be filed in the office of the Secretary of State and set forth:

(1)        The name of the limited partnership;

(2)        The date of filing of its certificate of limited partnership;

(3)        The reason for filing the certificate of cancellation;

(4)        The effective date of cancellation if it is not to be effective upon the filing of the certificate; and

(5)        Any other information the partners filing the certificate determine. (1985 (Reg. Sess., 1986), c. 989, s. 2; 1997-485, s. 25.)

Terms Used In North Carolina General Statutes 59-203

  • Certificate of limited partnership: means the certificate referred to in N. See North Carolina General Statutes 59-102
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • State: means a state, territory, or possession of the United States, the District of Columbia, or the Commonwealth of Puerto Rico. See North Carolina General Statutes 59-102
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