48-1-43 - Scope of chapter -- Choice of law. - Utah Statutes

48-1-43. Scope of chapter -- Choice of law.
(1) A partnership, including a limited liability partnership may conduct its business, carryon 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 liabilitypartnerships formed in this state and registered under Section 48-1-42 be recognized outside theboundaries of this state and that the laws of this state governing the limited liability partnershiptransacting business outside this state be granted the protection of full faith and credit under theConstitution of the United States.
(b) It is the intent of the Legislature that the internal affairs of a limited liabilitypartnerships formed in this state and registered under Section 48-1-42 be subject to and governedby 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