2018 Iowa Code
Title XII - BUSINESS ENTITIES
Chapter 489 - REVISED UNIFORM LIMITED LIABILITY COMPANY ACT
Section 489.801 - Governing law.
489.801
Governing law.
1. The law of the state or other jurisdiction under which a foreign limited liability company is formed governs all of the following:
a. The internal affairs of the company.
b. The liability of a member as member and a manager as manager for the debts, obligations, or other liabilities of the company.
2. A foreign limited liability company shall not be denied a certificate of authority by reason of any difference between the law of the jurisdiction under which the company is formed and the law of this state.
3. 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 shall not engage in or exercise in this state.
2008 Acts, ch 1162, ยง57, 155