Navigating the complexities of legal documentation is crucial for limited partnerships in Illinois, especially when it comes to updating their foundational documents. The Form LP 202-RECE, prescribed by the Secretary of State in August 2012, plays a pivotal role in this process. It allows limited partnerships to amend their Certificate of Limited Partnership in accordance with the Illinois Uniform Limited Partnership Act. This form, which must be submitted in duplicate, requires detailed information including the limited partnership's name, the address at which records are kept, the date of filing the initial certificate, and the contact details of the registered agent. Furthermore, it mandates the disclosure of all provisions and changes that amend the existing certificate. With a filing fee of $150, it also underscores the financial component of maintaining compliance. The form mandates signatures from at least one general partner on record — or all, in cases where the designation of the partnership is changing — as well as any new general partners and dissociated general partners. By affirming under penalties of perjury, signatories must verify the truth, correctness, and completeness of the information provided. This underscores the legal responsibility and the gravity of the document. It's a critical step for partnerships aiming to align their operations with state requirements, while also ensuring that their legal standing and operational capabilities remain unimpaired.
| Question | Answer |
|---|---|
| Form Name | Form Lp 202 Rece |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | form lp 202, illinois rece form, illinois lp 202, illinois 202 form |
