2020 New York Laws
LLC - Limited Liability Company Law
Article 11 - Miscellaneous
1103 - Transactions of Business Outside the State.

Universal Citation: NY LLC L § 1103 (2020)
§  1103.  Transactions  of  business  outside the state. (a) It is the
intention of the legislature by the enactment of this chapter  that  the
legal existence of a limited liability company formed under this chapter
be  recognized  beyond the limits of this state and that, subject to any
reasonable registration requirements, any such limited liability company
transacting business outside this state shall be granted the  protection
of  full  faith  and  credit  under  section  l  of  article  IV  of the
Constitution of the United States.

(b) The provisions of this chapter shall determine the rights and obligations of a domestic limited liability company, organized under this chapter, in commerce with foreign nations and among the several states, except as prohibited by law.

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