Laws governing organization, internal affairs and liability of beneficial owners, trustees, officers, employees and managers. Subject to the Constitution of this State:
1. The laws of the state under which a foreign business trust is organized govern its organization and internal affairs and the liability of its beneficial owners, trustees, officers, employees or managers; and
2. A foreign business trust may not be denied registration by reason of any difference between those laws and the laws of this State.
Last modified: February 26, 2006