48-1-43. Scope of chapter -- Choice of law.
(1) A partnership, including a limited liability partnership may conduct its business, carry
on its operations, and exercise the powers granted by this chapter within and without the state.
(2) (a) It is the intent of the Legislature that the legal existence of limited liability
partnerships formed in this state and registered under Section 48-1-42 be recognized outside the
boundaries of this state and that the laws of this state governing the limited liability partnership
transacting business outside this state be granted the protection of full faith and credit under the
Constitution of the United States.
(b) It is the intent of the Legislature that the internal affairs of a limited liability
partnerships formed in this state and registered under Section 48-1-42 be subject to and governed
by the laws of this state, including the provisions providing for liability of partners for debts,
obligations, and liabilities chargeable to partnerships.
Enacted by Chapter 61, 1994 General Session
Download Code Section Zipped WordPerfect 48_01_004300.ZIP 2,002 Bytes
Sections in this Chapter|Chapters in this Title|All Titles|Legislative Home Page
Last revised: Wednesday, July 23, 2008