Section 323A.1101 Law Governing Foreign Limited Liability Partnership
323A.1101 LAW GOVERNING FOREIGN LIMITED LIABILITY PARTNERSHIP.
(a) 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.
(b) 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.
(c) 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.
History:
1997 c 174 art 11 s 56