As Amended
SEC. 79-12-91. Applicability of chapter to foreign and interstate commerce.
(1) A partnership, including a limited liability partnership, formed and existing under this chapter, may conduct its business, carry on its operations, and have and exercise the powers granted by this chapter, in any state, territory, district or possession of the United States or in any foreign country.
(2) It is the intent of the Legislature that the legal existence of limited liability partnerships formed and existing under this chapter be recognized outside the boundaries of this state and that the laws of this state governing such limited liability partnership transacting business outside this state be granted the protection of full faith and credit under the Constitution of the United States.
(3) The internal affairs of a partnership, including a limited liability partnership, formed and existing under this chapter, including the liability of partners for debts, obligations and liabilities of or chargeable to the partnership, shall be subject to and governed by the laws of this state.
SOURCES: Laws, 1995, ch. 353, Sec. 11, eff from and after July 1, 1995