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Wisconsin Statutes Partnerships (Ch. 178, 179) § 178.10101 178.10101. Grounds for revocation

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) Except as provided in sub. (2), the department may bring a proceeding under s. 178.10102 to revoke the statement of foreign registration of a foreign limited liability partnership authorized to do business in this state if any of the following applies:

(a) The foreign limited liability partnership fails to file its annual report with the department within 4 months after it is due.

(b) The foreign limited liability 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 liability partnership is without a registered agent or registered office in this state for at least 6 months.

(d) The foreign limited liability partnership does not inform the department under s. 178.0909, 178.0910, or 178.1004 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 liability 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 partnership records in the jurisdiction of the foreign limited liability 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 liability 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 liability partnership that the certificate is submitted to terminate its authority to do business in this state, the department shall revoke the foreign limited liability partnership's foreign registration statement under s. 178.10102(2)(b).

(3) A court may revoke under s. 946.87 the statement of foreign registration of a foreign limited liability partnership authorized to transact business in this state. The court shall notify the department of the action, and the department shall revoke the foreign limited liability partnership's statement of foreign registration under s. 178.10102.

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Cite this article: FindLaw.com - Wisconsin Statutes Partnerships (Ch. 178, 179) § 178.10101 178.10101. Grounds for revocation - last updated January 01, 2025 | https://codes.findlaw.com/wi/partnerships-ch-178-179/wi-st-178-10101/

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