N.J. Stat. § 42:1A-50

Current through L. 2024, c. 87.
Section 42:1A-50 - Foreign limited liability partnership; law governing, effect in this State
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 shall 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.

N.J.S. § 42:1A-50

Added by L. 2000, c. 161, s. 50, eff. 12/8/2000.