Sec 29-1107. Effect of failure to qualify  


Latest version.
  • A. A foreign limited liability partnership transacting business in this state may not maintain an action or proceeding in this state unless it has filed a statement of foreign qualification.

    B. The failure of a foreign limited liability partnership to file a statement of foreign qualification does not impair the validity of a contract or act of the foreign limited liability partnership or prevent it from defending an action or proceeding in this state.

    C. Limitations on personal liability of partners are not waived solely by transacting business in this state without a statement of foreign qualification.

    D. If a foreign limited liability partnership transacts business in this state without a statement of foreign qualification, it appoints the secretary of state as its agent for service of process for claims for relief arising out of the transaction of business in this state.