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275.405 Effect of certificate of authority for foreign limited liability
company. (Repealed, effective January 1, 2011)
(1) A certificate of authority shall authorize the foreign limited liability company to
which it is issued to transact business in this Commonwealth subject to the right of <br>the Commonwealth to revoke the certificate as provided in this chapter.
(2) A foreign limited liability company with a valid certificate of authority shall have
the same but no greater rights as, and shall have the same but no greater privileges <br>as, and except as otherwise provided by this chapter shall be subject to the same <br>duties, restrictions, penalties, and liabilities now or later imposed on, a domestic <br>limited liability company.
(3) This chapter shall not authorize this Commonwealth to regulate the organization or
internal affairs, including the inspection of books, records and documents, of a <br>foreign limited liability company authorized to transact business in this <br>Commonwealth.
Effective: July 15, 2010 <br>History: Repealed and reenacted 2010 Ky. Acts ch. 51, sec. 129, effective July 15,
2010; and repealed ch. 151, sec. 151, effective January 1, 2011. -- Amended 2007 <br>Ky. Acts ch. 137, sec. 129, effective June 26, 2007. -- Created 1994 Ky. Acts <br>ch. 389, sec. 81, effective July 15, 1994.
Legislative Research Commission Note (7/15/2010). 2010 Ky. Acts ch. 51, sec. 183,
provides, "The specific textual provisions of Sections 1 to 178 of this Act which <br>reflect amendments made to those sections by 2007 Ky. Acts ch. 137 shall be deemed <br>effective as of June 26, 2007, and those provisions are hereby made expressly <br>retroactive to that date, with the remainder of the text of those sections being <br>unaffected by the provisions of this section."
Legislative Research Commission Note (1/1/2011). 2010 Ky. Acts ch. 151, sec. 151,
has repealed this statute effective January 1, 2011.
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