§1621. Governing law

Link to law: http://legislature.maine.gov/legis/statutes/31/title31sec1621.html
Published: 2015

§1621. Governing law








1. Jurisdiction where formed.  
The laws of the State or other jurisdiction under which a foreign limited liability
company is formed govern its formation and internal affairs and the liability and
authority of its members and agents.


[
2009, c. 629, Pt. A, §2 (NEW);
2009, c. 629, Pt. A, §3 (AFF)
.]








2. Statement of foreign qualification.  
A foreign limited liability company's statement of foreign qualification may not be
denied by reason of any difference between the laws of the jurisdiction under which
the foreign limited liability company is formed and the laws of this State.


[
2009, c. 629, Pt. A, §2 (NEW);
2009, c. 629, Pt. A, §3 (AFF)
.]








3. Forbidden activities.  
A foreign limited liability company, including a foreign limited liability company
that has filed a statement of foreign qualification, may not engage in any activities
in this State that a limited liability company is forbidden to engage in by the laws
of this State.


[
2009, c. 629, Pt. A, §2 (NEW);
2009, c. 629, Pt. A, §3 (AFF)
.]








4. Rights; privileges; duties; restrictions; penalties; liabilities.  
A foreign limited liability company that has filed a statement of foreign qualification:





A. Has in this State the same but no greater rights of a limited liability company of
like character; [2011, c. 113, Pt. A, §16 (NEW).]










B. Has in this State the same but no greater privileges as a limited liability company
of like character; and [2011, c. 113, Pt. A, §16 (NEW).]










C. Except as otherwise provided by this chapter, is in this State subject to the same
duties, restrictions, penalties and liabilities now or later imposed on a limited
liability company of like character. [2011, c. 113, Pt. A, §16 (NEW).]







[
2011, c. 113, Pt. A, §16 (RPR)
.]








5. Organization; formation; existence; internal affairs.  
Nothing in this subchapter authorizes this State to regulate the organization, formation,
existence or internal affairs of a foreign limited liability company authorized to
conduct activities in this State.


[
2009, c. 629, Pt. A, §2 (NEW);
2009, c. 629, Pt. A, §3 (AFF)
.]





SECTION HISTORY

2009, c. 629, Pt. A, §2 (NEW).
2009, c. 629, Pt. A, §3 (AFF).
2011, c. 113, Pt. A, §16 (AMD).
Read Entire Law on legislature.maine.gov