2006 New York Code - Issuance Of Certificate Of Authority; Effect.



 
    §  805.  Issuance of certificate of authority; effect. (a) Upon filing
  with the department of state  of  the  application  for  authority,  the
  department  of  state shall issue a filing receipt entitled "Certificate
  of authority of... (name of foreign  limited  liability  company)  under
  section  eight  hundred  five of the Limited Liability Company Law," and
  the foreign limited liability company shall be authorized to do business
  in this state. Such authority shall continue  so  long  as  the  foreign
  limited  liability  company  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  liability  company  that  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  liability
  company;  provided, that this subdivision shall not affect the powers of
  the foreign limited liability company outside this state; and  provided,
  further,  that a foreign related limited liability partnership (i) shall
  have such powers to conduct business in this state as are  permitted  by
  the laws of the jurisdiction whose laws govern the agreement under which
  such  foreign  related  limited  liability  partnership  operates but no
  greater than those of a partnership without limited  partners  operating
  under  an agreement governed by the laws of this state and provided that
  such foreign related limited liability partnership shall not  engage  in
  any  profession  or professions and (ii) shall be deemed to be a foreign
  limited liability partnership for purposes of subdivisions (l)  and  (m)
  of  section  121-1502 of the partnership law which subdivisions shall be
  applicable to foreign related limited liability partnerships.

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