New Jersey Statutes Title 42. Partnerships and Partnership Associations 42 § 1A-52
Current as of February 19, 2021 | Updated by FindLaw Staff
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a. A foreign limited liability partnership transacting business in this State shall not maintain an action or proceeding in this State unless it has in effect a statement of foreign qualification.
b. The failure of a foreign limited liability partnership to have in effect a statement of foreign qualification shall not impair the validity of a contract or act of the foreign limited liability partnership or preclude it from defending an action or proceeding in this State.
c. A limitation on personal liability of a partner shall not be waived solely by transacting business in this State without a statement of foreign qualification.
d. If a foreign limited liability partnership transacts business in this State without a statement of foreign qualification, the State Treasurer shall be its agent for service of process with respect to a right of action arising out of the transaction of business in this State.
Cite this article: FindLaw.com - New Jersey Statutes Title 42. Partnerships and Partnership Associations 42 § 1A-52 - last updated February 19, 2021 | https://codes.findlaw.com/nj/title-42-partnerships-and-partnership-associations/nj-st-sect-42-1a-52.html
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