Code of Alabama - Title 10A: Alabama Business and Nonprofit Entities Code - Section 10A-5A-9.09 - Applicability to foreign limited liability companies

Section 10A-5A-9.09 - Applicability to foreign limited liability companies.

In any derivative action in the right of a foreign limited liability company, or a series thereof, the right of a person to commence or maintain a derivative action in the right of a foreign limited liability company, or a series thereof, and any matters raised in the action covered by Sections 10A-5A-9.02 through 10A-5A-9.08 shall be governed by the law of the jurisdiction under which the foreign limited liability company was formed; except that any matters raised in the action covered by Sections 10A-5A-9.06, 10A-5A-9.07, and 10A-5A-9.08 shall be governed by the law of this state.

(Act 2014-144, p. 265, §1.)

Last modified: May 3, 2021