Code of Virginia - Title 50 Partnerships - Section 50-73.58:1 (Effective April 1, 2009) Automatic cancellation of certificate of registration.

§ 50-73.58:1. (Effective April 1, 2009) Automatic cancellation of certificate of registration.

A. If any foreign limited partnership fails to pay its annual registration fee on or before December 31 of the year assessed, its certificate of registration shall be automatically canceled as of that day.

B. If any foreign limited partnership whose registered agent has filed with the Commission a statement of resignation pursuant to § 50-73.6 fails to file a statement of change pursuant to § 50-73.5 within 31 days after the date on which the statement of resignation was filed, the Commission shall mail notice to the limited partnership of impending cancellation of its certificate of registration. If the limited partnership fails to file the statement of change as of the last day of the second month immediately following the month in which the impending cancellation notice was mailed, the certificate shall be automatically canceled as of that day.

(2008, c. 586.)

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Last modified: April 16, 2009