(a) The Secretary of State may terminate the registration of a registered foreign limited partnership in the manner provided in subsections (b) and (c) if the partnership does not:

(1) Pay, not later than sixty (60) days after the due date, any fee, tax, interest, or penalty required to be paid to the Secretary of State under this chapter or law other than this chapter;

(2) Have a registered agent as required by the Mississippi Registered Agents Act; or

(3) Deliver to the Secretary of State for filing a statement of a change under Section 79-35-8 not later than thirty (30) days after a change has occurred in the name or address of the registered agent.

(b) The Secretary of State may terminate the registration of a registered foreign limited partnership by:

(1) Filing a notice of termination or noting the termination in the records of the Secretary of State; and

(2) Delivering a copy of the notice or the information in the notation to the partnership’s registered agent or, if the partnership does not have a registered agent, to the partnership’s principal office.

(c) The notice must state or the information in the notation must include:

(1) The effective date of the termination, which must be at least sixty (60) days after the date the Secretary of State delivers the copy; and

(2) The grounds for termination under subsection (a).

(d) The authority of the registered foreign limited partnership to do business in this state ceases on the effective date of the notice of termination or notation under subsection (b), unless before that date the partnership cures each ground for termination stated in the notice or notation. If the partnership cures each ground, the Secretary of State shall file a record so stating.