42:2C-57 Governing law.
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/nj/title-42/chapter-2c/42-2c-57·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
57. Governing Law.
a. The law of the state or other jurisdiction under which a foreign limited liability company is formed governs:
(1)the internal affairs of the company; and
(2)the liability of a member as member and a manager as manager for the debts, obligations, or other liabilities of the company.
b. A foreign limited liability company may not be denied a certificate of authority by reason of any difference between the laws of the jurisdiction under which the company is formed and the law of this State.
c. A certificate of authority does not authorize a foreign limited liability company to engage in any business or exercise any power that a limited liability company may not engage in or exercise in this State.
L.2012, c.50, s.57.