(a) The law of this state governs:
(1) the organization and internal affairs of a limited liability company, or series thereof;
(2) the liability of a member as a member for the debts, obligations, or other liabilities of a limited liability company, or series thereof;
(3) the authority of the members and agents of a limited liability company, or series thereof; and
(4) the availability and liability of the assets of a series or the limited liability company for the obligations of another series or the limited liability company.
(b) The law of the state or other jurisdiction under which a foreign limited liability company is formed governs:
(1) the organization and internal affairs of a foreign limited liability company, or series thereof;
(2) the liability of a member as a member for the debts, obligations, or other liabilities of a foreign limited liability company, or series thereof;
(3) the authority of the members and agents of a foreign limited liability company, or series thereof; and
(4) the availability and liability of the assets of a series or the foreign limited liability company for the obligations of another series or the foreign limited liability company.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 5A - Alabama Limited Liability Company Law of 2014.
Article 1 - General Provisions.
Section 10A-5A-1.01 - Short Title.
Section 10A-5A-1.02 - Definitions.
Section 10A-5A-1.03 - Knowledge; Notice.
Section 10A-5A-1.04 - Powers and Privileges.
Section 10A-5A-1.05 - Governing Law.
Section 10A-5A-1.06 - Rules of Construction.
Section 10A-5A-1.08 - Limited Liability Company Agreement - Scope; Function; and Limitations.