§ 3131 - Law governing foreign limited liability companies - Vermont Statutes

§ 3131. Law governing foreign limited liability companies

(a) 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 as among its managers, members and their transferees.

(b) A foreign limited liability company may not be denied a certificate of authority by reason of any difference between the laws of another jurisdiction under which the foreign company is organized and the laws of this state.

(c) A certificate of authority does not authorize a foreign limited liability company to engage in any business or exercise any power that a limited liability company may not engage in or exercise in this state. (Added 1995, No. 179 (Adj. Sess.), § 4.)