S.C. Code § 33-44-1001

Current through 2024 Act No. 120.
Section 33-44-1001 - Law governing foreign limited liability companies
(a) Except as provided in Section 12-2-25 for single-member limited liability companies, 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 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.

S.C. Code § 33-44-1001

1997 Act No. 91, Section 3; 1996 Act No. 343, Section 2.