2006 New York Code - Application For Authority; Effect.



 
    §  121-904.  Application for authority; effect. (a) Upon filing by the
  department of state of the application for authority the foreign limited
  partnership shall be authorized to  do  business  in  this  state.  Such
  authority  shall  continue  so  long  as  it retains its authority to do
  business in the jurisdiction of its formation and its  authority  to  do
  business  has  not been surrendered, suspended or annulled in accordance
  with the law.
    (b) A foreign limited partnership which has received a certificate  of
  authority  shall  have  such powers to conduct business in this state as
  are permitted by the laws of the jurisdiction in which it was  organized
  but  no  greater than those of a domestic limited partnership; provided,
  that this subdivision shall not affect the powers of the foreign limited
  partnership outside this state.

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