486A.1101 - LAW GOVERNING FOREIGN LIMITED LIABILITY PARTNERSHIP.
486A.1101 LAW GOVERNING FOREIGN LIMITED LIABILITY PARTNERSHIP. 1. The law under which a foreign limited liability partnership is formed governs relations among the partners and between the partners and the partnership and the liability of partners for obligations of the partnership. 2. A foreign limited liability partnership may not be denied a statement of foreign qualification by reason of any difference between the law under which the partnership was formed and the law of this state. 3. A statement of foreign qualification does not authorize a foreign limited liability partnership to engage in any business or exercise any power that a partnership may not engage in or exercise in this state as a limited liability partnership.
Section History: Recent Form 98 Acts, ch 1201, §55, 79, 82