42:1A-50. Foreign limited liability partnership; law governing, effect in this State
111 words·~1 min read·
/nj/title-42/chapter-1a/42-1a-50·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
50. 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.
L.2000,c.161,s.50.