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New Jersey Statutes, Title: 42, PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS
Chapter 1a:
Section: 42:1a-50: Foreign limited liability partnership; law governing, effect in this State
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.
This section added to the Rutgers Database: 2012-09-26 13:37:53.
Older versions of 42:1a-50 (if available):
Court decisions that cite this statute:
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