88A.700 - Laws governing organization, internal affairs and liability of beneficial owners, trustees, officers, employees and managers.

88A.700  Laws governing organization, internal affairs and liability of beneficial owners, trustees, officers, employees and managers.  Subject to the Constitution of this State:

      1.  The laws of the state under which a foreign business trust is organized govern its organization and internal affairs and the liability of its beneficial owners, trustees, officers, employees or managers; and

      2.  A foreign business trust may not be denied registration by reason of any difference between those laws and the laws of this State.

      (Added to NRS by 1999, 1574)