Ala. Code § 10A-9A-1.06

Current through the 2024 Regular Session.
Section 10A-9A-1.06 - Governing law
(a) The law of this state governs:
(1) the organization and internal affairs of a limited partnership;
(2) the liability of a partner as a partner for the debts, obligations, or other liabilities of a limited partnership; and
(3) the authority of the partners of a limited partnership.
(b) The law of the state or other jurisdiction under which a foreign limited partnership is formed governs:
(1) the organization and internal affairs of a foreign limited partnership;
(2) the liability of a partner as a partner for the debts, obligations, or other liabilities of a foreign limited partnership; and
(3) the authority of the partners of a foreign limited partnership.

Ala. Code § 10A-9A-1.06 (1975)

Added by Act 2016-379,§ 1, eff. 1/1/2017.