N.Y. Partnership Law § 121-1503: Transaction of business outside the state

§ 121-1503. Transaction of business outside the state. (a) It is the

intent of the legislature that the registration of a partnership without

limited partners as a registered limited liability partnership under

this article shall be recognized beyond the limits of this state and

that such registered limited liability partnership may conduct its

business or activities, carry on its operations, and have and exercise

the powers granted by this article in any state, territory, district or

possession of the United States or in any foreign country and that,

subject to any reasonable registration requirements any such registered

limited liability partnership transacting business outside this state

and the laws of this state governing such registered limited liability

partnership shall be granted the protection of full faith and credit

under section 1 of article IV of the Constitution of the United States.

(b) It is the policy of this state that the internal affairs of a

partnership without limited partners registered as a registered limited

liability partnership under this article and the liability of partners

in a registered limited liability partnership for debts, obligations and

liabilities of, or chargeable to, the registered limited liability

partnership shall be subject to and governed by the laws of this state,

including the provisions of this article.