Wisconsin Statutes 179.10101 – Grounds for termination
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Terms Used In Wisconsin Statutes 179.10101
- 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
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- 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
(1) The department may terminate the registration of a registered foreign limited partnership in the manner provided in s. 179.10102 if any of the following applies:
(a) The foreign limited partnership fails to file its annual report with the department within 4 months after it is due.
(b) The foreign limited partnership does not pay, within 4 months after they are due, any fees or penalties due the department under this chapter.
(c) The foreign limited partnership is without a registered agent or registered office in this state for at least 6 months.
(d) The foreign limited partnership does not inform the department under s. 179.0118 or 179.0119 that its registered agent or registered office has changed, that its registered agent has resigned, or that its registered office has been discontinued, within 6 months of the change, resignation, or discontinuance.
(e) The foreign limited partnership’s statement of foreign registration contains fraudulent or materially false information.
(f) The department receives a duly authenticated certificate from the secretary of state or other official having custody of limited partnership records in the jurisdiction of the foreign limited partnership’s governing law stating that it has been dissolved or disappeared as the result of a merger or other event.
(g) The foreign limited partnership violates s. 940.302 (2) or 948.051 (2).
(2) If the department receives a certificate under sub. (1) (f) and a statement by the foreign limited partnership that the certificate is submitted to terminate its authority to do business in this state, the department shall terminate the foreign limited partnership’s registration under s. 179.10102 (2) (b).
(3) A court may terminate under s. 946.87 the registration of a foreign limited partnership authorized to transact business in this state. The court shall notify the department of the action, and the department shall terminate the foreign limited partnership’s registration under s. 179.10102.