Iowa Code Title XII. Business Entities [Chs. 486-504C] § 489.801. Governing law

1. The law of the jurisdiction of formation of a foreign limited liability company governs all of the following:

2. A foreign limited liability company is not precluded from registering to do business in this state because of any difference between the law of the foreign limited liability company's jurisdiction of formation and the law of this state.

3. Registration of a foreign limited liability company to do business in this state does not permit the foreign limited liability company to engage in any business or affairs or exercise any power that a limited liability company cannot lawfully engage in or exercise in this state.