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Current as of January 01, 2024 | Updated by Findlaw Staff
1. The law of the state or other jurisdiction under which a foreign limited liability company is formed governs:
a. The internal affairs of the company; and
b. The liability of a member as member, a manager as manager, and a governor as governor for the debts, obligations, or other liabilities of the company.
2. A foreign limited liability company may 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 foreign limited liability company holding a valid certificate of authority in this state has no greater rights and privileges than a domestic limited liability company. 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.
Cite this article: FindLaw.com - North Dakota Century Code Title 10. Corporations § 10-32.1-72. Foreign limited liability company--Governing law - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-10-corporations/nd-cent-code-sect-10-32-1-72/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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