N.J. Stat. § 42:2C-57
Governing law
New Jersey · New Jersey Statutes Title 42 — Partnerships and Partnership Associations · Status: effective
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- Citation
- N.J. Stat. § 42:2C-57, Governing law, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1470321
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Full text
57. Governing Law.
a. The law of the state or other jurisdiction under which a foreign limited liability company is formed governs:
(1) the internal affairs of the company; and
(2) the liability of a member as member and a manager as manager for the debts, obligations, or other liabilities of the company.
b. A foreign limited liability company may not be denied a certificate of authority by reason of any difference between the laws of the jurisdiction under which the company is formed and the law of this State.
c. 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.