P.R. Laws tit. 10, § 1862

2019-02-20 00:00:00+00
§ 1862. Registry; domestic and foreign

(a) In order to be covered by the protection granted in § 1867 of this title, the limited liability partnership shall submit to the Secretary of State a certified copy of the partnership’s corporate charter, stating the name of the partnership, the address of the main office, the name and address of the managing partner, the partners’ names and addresses, and a brief statement on the kind of business the partnership performs.

(b) Foreign limited liability partnerships shall also submit to the Secretary of State a certificate of the application for registration or renewal which states the name of the partnership, the jurisdiction in which the partnership is registered as a limited liability partnership, the address of the main office, the name and address of its managing partner or of the person designated to receive summons, the names and addresses of the partners and a brief statement of the kind of business the partnership performs.

(c) Limited liability partnerships and foreign limited liability partnerships shall designate and maintain a managing partner or a person, respectively, in the Commonwealth of Puerto Rico who is authorized to receive summons.

(d) The certified copy of the partnership’s corporate charter or of the application for the registration or renewal of a partnership organized under the laws of the Commonwealth of Puerto Rico or other foreign jurisdiction shall include a payment of one hundred dollars ($100) for registration fees.

(e) The Secretary of State shall register or renew the registration of any partnership that submits a certified copy of its corporate charter or of the completed certificate of the application for its registration or renewal and include its corresponding payment.

(f) The registration of a limited liability partnership or of a foreign limited liability partnership is valid for one year, counted from the date the partnership’s application for its corporate charter or its registration or renewal certification was submitted, unless the partnership voluntarily withdraws the application through a written notice of withdrawal submitted to the Secretary of State. Said notice shall be signed by a majority of the corporate interest or shares or by one or more of the partners authorized by majority of the corporate interest or shares.

The registration of a limited liability partnership or of a foreign limited liability partnership shall be renewed by presenting a renewal application to the Secretary of State on or before its expiration date.

(g) The Secretary of State shall provide samples of documents for the registration or renewal of a registration of a limited liability partnership or of a foreign limited liability partnership.

(h) The Secretary of State shall approve regulations to regulate the procedure to present and register the documents related to limited liability partnerships, the payment of fees and other matters needed to implement this chapter.

History —Aug. 20, 1996, No. 154, § 3.