2019 South Dakota Codified Laws
Title 47 - Corporations
Chapter 34A - Uniform Limited Liability Company Act
§ 47-34A-1001 Law governing foreign limited liability companies.
47-34A-1001. Law governing foreign limited liability companies. (a) The law of the state or other jurisdiction under which a foreign limited liability company is formed governs:
(1) The internal affairs of the company; and
(2) The liability of a member as member and a manager as manager for the debts, obligations, or other liabilities of the company.
(b) A foreign limited liability company may 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.
(c) 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 may not engage in or exercise in this state.
Source: SL 1998, ch 272, § 1001; SL 2013, ch 233, § 30.
