Iowa Code § 486A.1103
Effect of failure to qualify
Iowa · Iowa Code Chapter 486A — Uniform Partnership Act · Status: effective
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- Citation
- Iowa Code § 486A.1103, Effect of failure to qualify, Iowa, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2255265
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Full text
1. A foreign limited liability partnership transacting business in this state may not maintain an action or proceeding in this state unless it has in effect a statement of foreign qualification.
2. The failure of a foreign limited liability partnership to have in effect a statement of foreign qualification does 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.
3. A limitation on personal liability of a partner is not waived solely by transacting business in this state without a statement of foreign qualification.
4. If a foreign limited liability partnership transacts business in this state without a statement of foreign qualification, the secretary of state is its agent for service of process with respect to a right of action arising out of the transaction of business in this state.