Rhode Island § 7-16-48 § 7-16-48. Law governing foreign limited liability companies.

Rhode Island Statutes

§ 7-16-48 — § 7-16-48. Law governing foreign limited liability companies.

Rhode Island·Title 7 Corporations, Associations and Partnerships·Ch. 7-16 The Rhode Island Limited Liability Company Act

§ 7-16-48. Law governing foreign limited liability companies.
(a) Subject to the constitution of this state:
         
(1) The laws of the state or other jurisdiction under which a foreign limited liability
            company is organized govern its organization and internal affairs and the liability
            of its members; and
         
(2) A foreign limited liability company may not be denied registration by reason of any
            difference between those laws and the laws of this state.
         
(b) A foreign limited liability company holding a valid registration in this state has
      

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§ 7-16-48. Law governing foreign limited liability companies.

(a) Subject to the constitution of this state:

(1) The laws of the state or other jurisdiction under which a foreign limited liability company is organized govern its organization and internal affairs and the liability of its members; and

(2) A foreign limited liability company may not be denied registration by reason of any difference between those laws and the laws of this state.

(b) A foreign limited liability company holding a valid registration in this state has no greater rights and privileges than a domestic limited liability company. The registration shall not be deemed to authorize the foreign limited liability company to exercise any of its powers or conduct any business that a domestic limited liability company is not permitted by law to exercise or conduct in this state.

Rhode Island § 7-16-48 (§ 7-16-48. Law governing foreign limited liability companies.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.