N.J. Stat. § 42:1A-50
Foreign limited liability partnership; law governing, effect in this State
New Jersey · New Jersey Statutes Title 42 — Partnerships and Partnership Associations · Status: effective
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- Citation
- N.J. Stat. § 42:1A-50, Foreign limited liability partnership; law governing, effect in this State, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1470175
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Full text
50. a. The law under which a foreign limited liability partnership is formed governs relations among the partners and between the partners and the partnership and the liability of partners for obligations of the partnership.
b. A foreign limited liability partnership shall not be denied a statement of foreign qualification by reason of any difference between the law under which the partnership was formed and the law of this State.
c. A statement of foreign qualification does not authorize a foreign limited liability partnership to engage in any business or exercise any power that a partnership may not engage in or exercise in this State as a limited liability partnership.