Wisconsin Statutes 178.09031 – Grounds for revocation
Current as of: 2023 | Check for updates
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The department may bring a proceeding under s. 178.09032 to administratively revoke the statement of qualification of a limited liability partnership if any of the following occurs:
Terms Used In Wisconsin Statutes 178.09031
- Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
- 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: when applied to states of the United States, includes the District of Columbia, the commonwealth of Puerto Rico and the several territories organized by Congress. See Wisconsin Statutes 990.01
- Year: means a calendar year, unless otherwise expressed; "year" alone means "year of our Lord". See Wisconsin Statutes 990.01
(1) The partnership does not pay, within one year after they are due, any fees or penalties due the department under this chapter.
(2) The partnership does not have on file its annual report with the department within one year after it is due.
(3) The partnership is without a registered agent or registered office in this state for at least one year.
(4) The partnership does not notify the department within one year that its registered agent or registered office has been changed, that its registered agent has resigned, or that its registered office has been discontinued.
(5) The partnership violates s. 940.302 (2) or 948.051 (2).