Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
§ 486a-1103 — Iowa Law | CourtGPT
  1. Home/
  2. Laws/
  3. Iowa/
  4. Title Xii - Business Entities/
  5. Chapter 486a - Uniform Partnership Act/
  6. § 486a-1103
Iowa Legal Code

§ 486a-1103

Ask AI about this
486A.1103 Effect of failure to qualify. 1. A foreign limited liability partnership transacting business in this state may not maintain an action or proceeding in this state unless it has in effect a statement of foreign qualification. 2. The failure of a foreign limited liability partnership to have in effect a statement of foreign qualification does 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. 3. A limitation on personal liability of a partner is not waived solely by transacting business in this state without a statement of foreign qualification. 4. If a foreign limited liability partnership transacts business in this state without a statement of foreign qualification, the secretary of state is its agent for service of process with respect to a right of action arising out of the transaction of business in this state. 98 Acts, ch 1201, §57, 79, 82