SDCL § 47-34A-1001: Law governing foreign limited liability companies.

(a) The law of the state or other jurisdiction under which a foreign limited liability company is formed governs:

(1) The internal affairs of the company; and

(2) The liability of a member as member and a manager as manager for the debts, obligations, or other liabilities of the company.

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