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Neb. Rev. Stat. § 21-162

Effect of failure to have certificate of authority

Applied in 1 court decision — leading case 25 Neb. Ct. App. 30 - Walker v. Probandt (2017)

Most recently applied in 25 Neb. Ct. App. 30 - Walker v. Probandt (September 2017)

Laws 2010, LB888, § 62.

(RULLCA 808) (a) A foreign limited liability company transacting business in this state may not maintain an action or proceeding in this state unless it has a certificate of authority to transact business in this state. (b) The failure of a foreign limited liability company to have a certificate of authority to transact business in this state does not impair the validity of a contract or act of the company or prevent the company from defending an action or proceeding in this state. (c) A member or manager of a foreign limited liability company is not liable for the debts, obligations, or other liabilities of the company solely because the company transacted business in this state without a certificate of authority.

Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.