House Bill 914

(As Sent to Governor)

AN ACT TO AMEND SECTION 79-13-105, MISSISSIPPI CODE OF 1972, TO REVISE THE DESCRIPTION OF CERTAIN FEES IN THE UNIFORM PARTNERSHIP ACT; AND FOR RELATED PURPOSES.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

SECTION 1. Section 79-13-105, Mississippi Code of 1972, is amended as follows:

79-13-105. (a) A statement may be filed in the Office of the Secretary of State. A certified copy of a statement that is filed in an office in another state may be filed in the Office of the Secretary of State. Either filing has the effect provided in this chapter with respect to partnership property located in or transactions that occur in this state.

(b) A certified copy of a statement that has been filed in the Office of the Secretary of State and recorded in the office for recording transfers of real property has the effect provided for recorded statements in this chapter. A recorded statement that is not a certified copy of a statement filed in the Office of the Secretary of State does not have the effect provided for recorded statements in this chapter.

(c) A statement filed by a partnership must be executed by at least two (2) partners. Other statements must be executed by a partner or other person authorized by this chapter. An individual who executes a statement as, or on behalf of, a partner or other person named as a partner in a statement shall personally declare under penalty of perjury that the contents of the statement are accurate.

(d) A person authorized by this chapter to file a statement may amend or cancel the statement by filing an amendment or cancellation that names the partnership, identifies the statement, and states the substance of the amendment or cancellation.

(e) A person who files a statement pursuant to this section shall promptly send a copy of the statement to every nonfiling partner and to any other person named as a partner in the statement. Failure to send a copy of a statement to a partner or other person does not limit the effectiveness of the statement as to a person not a partner.

(f) The Secretary of State shall charge and collect fees in the amounts specified for the following purposes:

(i) Filing of Statement of Qualification or Statement of Foreign Qualification - Two Hundred Fifty Dollars ($250.00).

(ii) Filing of Certificate Correcting or Amending a Statement of Qualification or Statement of Foreign Qualification - Fifty Dollars ($50.00).

(iii) Filing of Certificate of Cancellation of Statement of Qualification or Statement of Foreign Qualification - Twenty-five Dollars ($25.00).

(iv) Any other statement required or permitted to be filed by this chapter - Twenty-five Dollars ($25.00).

(g) The Secretary of State shall have the powers reasonably necessary to perform the duties required of him under the provisions of this chapter.

SECTION 2. This act shall take effect and be in force from and after July 1, 2007.