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S.C. Code Ann. § 33-44-1001

Law governing foreign limited liability companies

Known as the South Carolina Uniform Limited Liability Company Act

The act spans §§ 33-44-1001 to 33-44-914 (94 sections).

1996 Act No. 343, SECTION 2; 1997 Act No. 91, SECTION 3.

(a) Except as provided in Section 12-2-25 for single-member limited liability companies, the laws of the State or other jurisdiction under which a foreign limited liability company is organized govern its organization and internal affairs and the liability of its managers, members, and their transferees.

(b) A foreign limited liability company may not be denied a certificate of authority by reason of any difference between the laws of another jurisdiction under which the foreign company is organized and the laws of this State.

(c) A certificate of authority does not authorize a foreign limited liability company to engage in any business or exercise any power that a limited liability company may not engage in or exercise in this State.

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