79-29-924 - Authority to transact business.
§ 79-29-924. Authority to transact business.
(1) A foreign professional limited liability company may not transact business in this state until it obtains a certificate of authority from the Secretary of State.
(2) A foreign professional limited liability company may not obtain a certificate of authority unless:
(a) Its name satisfies the requirements of Section 79-29-908;
(b) It is formed for one or more of the purposes described in Section 79-29-904; and
(c) All of its members would be qualified persons if the foreign professional limited liability company were a domestic professional limited liability company.
Sources: Laws, 1995, ch. 494, § 58, eff from and after July 1, 1995.