State Codes and Statutes

Statutes > Nebraska > Chapter21 > 21-2637

21-2637. Foreign limited liability company; law governing; rights.The law of the state or other jurisdiction under which a foreign limited liability company is formed shall govern its formation and internal affairs and the liability of its members and managers. A foreign limited liability company shall not be denied a certificate of authority by reason of any difference between those laws and the laws of this state. A foreign limited liability company holding a valid certificate of authority in this state shall have no greater rights and privileges than a domestic limited liability company. The certificate of authority shall not be deemed to authorize the foreign limited liability company to exercise any of its powers or purposes that a domestic limited liability company is forbidden by law to exercise in this state. SourceLaws 1993, LB 121, § 37. Termination Date: January 1, 2013