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Code · Iowa · Chapter 486A — Uniform Partnership Act

486A.1101 Law governing foreign limited liability partnership.

116 words·~1 min read·/ia/chapter-486a-uniform-partnership-act/486a-1101·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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.
98 Acts, ch 1201, §55, 79, 82
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