Section 42:1A-52 - Foreign qualification required; effects of failurea. A foreign limited liability partnership transacting business in this State shall not maintain an action or proceeding in this State unless it has in effect a statement of foreign qualification.b. The failure of a foreign limited liability partnership to have in effect a statement of foreign qualification shall not impair the validity of a contract or act of the foreign limited liability partnership or preclude it from defending an action or proceeding in this State.c. A limitation on personal liability of a partner shall not be 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, the State Treasurer shall be its agent for service of process with respect to a right of action arising out of the transaction of business in this State.Added by L. 2000, c. 161, s. 52, eff. 12/8/2000.