Corporations, Associations, and Partnerships

The Rhode Island Limited-Liability Company Act

SECTION 7-16-48

§ 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.

(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.)