Sec. 1101

805 ILCS 206/1101, under Foreign Limited Liability Partnership.

805 ILCS 206/1101

(805 ILCS 206/1101)

    Sec. 1101.

Law governing foreign limited liability partnership.

    (a) The law under which a foreign limited liability partnership is formed governs relations among the partners and between the partners and the partnership and the liability of partners for obligations of the partnership.

    (b) A foreign limited liability partnership may not be denied a statement of foreign qualification by reason of any difference between the law under which the partnership was formed and the law of this State.

    (c) A statement of foreign qualification does not authorize a foreign limited liability partnership to engage in any business or exercise any power that a partnership may not engage in or exercise in this State as a limited liability partnership.

(Source: P.A. 92-740, eff. 1-1-03.)