489.801 Governing law.
1. Subject to sections 489.14402 and 489.14404, the law of the state or other jurisdiction under which a foreign limited liability company is formed governs all of the following:
a. The internal affairs of the company.
b. The liability of a member as member and a manager as manager for the debts, obligations, or other liabilities of the company.
2. A foreign limited liability company shall not be denied a certificate of authority by reason of any difference between the law of the jurisdiction under which the company is formed and the law of this state.
3. 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 shall not engage in or exercise in this state.
2008 Acts, ch 1162, §57, 155; 2019 Acts, ch 26, §45, 53
2019 amendment to subsection 1 is effective July 1, 2020; Acts, ch 26, §532019 Acts, ch 26, §53
Subsection 1 amended