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2015 Vermont Statutes
Title 11 - Corporations, Partnerships and Associations
Chapter 21 - Limited Liability Companies
Subchapter 10: FOREIGN LIMITED LIABILITY COMPANIES
§ 3131 Law governing foreign limited liability companies

Universal Citation:
11 V.S.A. § 3131
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

[Section 3131 repealed effective July 1, 2016.]

§ 3131. Law governing foreign limited liability companies

(a) The laws of the state or other jurisdiction under which a foreign limited liability company is organized govern its organization and internal affairs and the liability as among its managers, members and their transferees.

(b) A foreign limited liability company may not be denied a certificate of authority by reason of any difference between the laws of another jurisdiction under which the foreign company is organized and the laws 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. (Added 1995, No. 179 (Adj. Sess.), § 4.)

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