Rhode Island General Laws 7-16-48. Law governing foreign limited-liability companies
(a) Subject to the constitution of this state:
(1) The laws of the state or other jurisdiction under which a foreign limited-liability company is organized govern its organization and internal affairs and the liability of its members; and
(2) A foreign limited-liability company may not be denied registration by reason of any difference between those laws and the laws of this state.
Terms Used In Rhode Island General Laws 7-16-48
- Business: means any trade, occupation or other commercial activity engaged in for gain, profit or livelihood for which a corporation can be organized under chapter 1. See Rhode Island General Laws 7-16-2
- domestic limited-liability company: means an entity that is organized and existing under the laws of this state pursuant to this chapter. See Rhode Island General Laws 7-16-2
- Foreign limited-liability company: means a limited-liability company formed under the laws of any state other than this state or any foreign country. See Rhode Island General Laws 7-16-2
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- State: means a state, territory or possession of the United States, or the District of Columbia. See Rhode Island General Laws 7-16-2
(b) A foreign limited-liability company holding a valid registration in this state has no greater rights and privileges than a domestic limited-liability company. The registration shall not be deemed to authorize the foreign limited-liability company to exercise any of its powers or conduct any business that a domestic limited-liability company is not permitted by law to exercise or conduct in this state.
History of Section.
P.L. 1992, ch. 280, § 1.