Legislation
SECTION 1103
Transactions of business outside the state
Limited Liability Company Law (LLC) CHAPTER 34, ARTICLE 11
§ 1103. Transactions of business outside the state. (a) It is the
intention of the legislature by the enactment of this chapter that the
legal existence of a limited liability company formed under this chapter
be recognized beyond the limits of this state and that, subject to any
reasonable registration requirements, any such limited liability company
transacting business outside this state shall be granted the protection
of full faith and credit under section l of article IV of the
Constitution of the United States.
(b) The provisions of this chapter shall determine the rights and
obligations of a domestic limited liability company, organized under
this chapter, in commerce with foreign nations and among the several
states, except as prohibited by law.
intention of the legislature by the enactment of this chapter that the
legal existence of a limited liability company formed under this chapter
be recognized beyond the limits of this state and that, subject to any
reasonable registration requirements, any such limited liability company
transacting business outside this state shall be granted the protection
of full faith and credit under section l of article IV of the
Constitution of the United States.
(b) The provisions of this chapter shall determine the rights and
obligations of a domestic limited liability company, organized under
this chapter, in commerce with foreign nations and among the several
states, except as prohibited by law.