Illinois General Assembly - Illinois Compiled Statutes

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805 ILCS 180/45-1

(805 ILCS 180/45-1)

Sec. 45-1.

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 of its managers, members, and their transferees.

(b) A foreign limited liability company may not be denied admission 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) Having authority to transact business in this State 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: P.A. 93-59, eff. 7-1-03.)