N.Y. Limited Liability Company Law 801 – Governing law
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§ 801. Governing law. Subject to the constitution of this state:
Terms Used In N.Y. Limited Liability Company Law 801
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
(a) the laws of the jurisdiction under which a foreign limited liability company is formed govern its organization and internal affairs and the liability of its members and managers; and
(b) a foreign limited liability company may not be denied a certificate of authority by reason of any difference between such laws and the laws of this state.