Section 47. (1) A partnership, including a registered limited liability partnership, formed and existing under an agreement governed by the laws of this commonwealth, may conduct its business, carry on its operations, and have and exercise the powers granted by this act in any state, territory, district, or possession of the United States or in any foreign country.
(2) It is the intent of this section that the legal existence of registered limited liability partnerships be recognized outside the boundaries of this commonwealth and that the laws of this commonwealth governing such registered limited liability partnerships doing business outside this commonwealth be granted the protection of full faith and credit under the Constitution of the United States.
(3) The internal affairs of partnerships, including registered limited liability partnerships, formed and existing under an agreement governed by the laws of this commonwealth, including the liability of partners for debts, obligations and liabilities of or chargeable to the partnership, shall be subject to and governed by the laws of this commonwealth.
(4) Subject to any statutes for the regulation and control of specific types of business, foreign registered limited liability partnerships may do business in this commonwealth and shall be required to register with the state secretary under this chapter in the same manner as a registered limited liability partnership.
(5) The name of a foreign registered limited liability partnership doing business in this commonwealth shall contain the words ''registered limited liability partnership'' or ''limited liability partnership'' or the abbreviation ''L.L.P.'' or ''LLP'' as the last words or letters of its name or such other similar words or abbreviation as may be required or authorized by the laws of the state where the partnership is registered.
(6) The internal affairs of foreign registered limited liability partnerships, including the liability of partners for debts, obligations and liabilities of or chargeable to the partnership, shall be subject to and governed by the laws of the jurisdiction in which the foreign registered limited liability partnership is registered.
Structure Massachusetts General Laws
Part I - Administration of the Government
Title XV - Regulation of Trade
Section 1 - Citation of Chapter
Section 3 - Knowledge and Notice; Definition
Section 4 - Interpretation and Construction
Section 5 - Application of Rules of Law and Equity
Section 6 - Partnership, Defined; Application to Prior Associations; Limited Partnerships
Section 7 - Rules for Determining Existence of Partnership
Section 8 - Partnership Property; Acquisition and Conveyance
Section 9 - Partner as Agent of Partnership; Authority
Section 10 - Conveyance to Title to Realty
Section 11 - Admissions and Representations
Section 12 - Notice to and Knowledge of Partner; Imputation to Partnership
Section 13 - Liability of Partnership for Wrongful Acts of Partners
Section 14 - Liability of Partnership for Partner's Misapplication of Money or Property
Section 15 - Joint and Several Liability of Partners
Section 16 - Misrepresentation of Self as Partner; Liability
Section 17 - Liability of New Partner for Partnership Obligations
Section 18 - Rights and Duties of Partners
Section 19 - Partnership Books; Right of Inspection
Section 20 - Disclosure of Information on Demand
Section 22 - Partner's Right to Formal Accounting
Section 23 - Continuation of Partnership Beyond Time Fixed for Termination
Section 26 - Interest in Partnership; Profits
Section 27 - Conveyance of Interest in Partnership; Rights of Assignee
Section 28 - Creditor's Remedy to Reach Partner's Interest in Partnership
Section 29 - Dissolution and Winding Up; Definition
Section 30 - Effect of Dissolution
Section 31 - Causes of Dissolution
Section 32 - Decree of Dissolution
Section 33 - Effect of Dissolution on Partner's Authority
Section 34 - Dissolution by Act, Death or Bankruptcy; Liability to Co-Partners
Section 35 - Authority and Liability After Dissolution
Section 37 - Right to Wind Up Partnership Affairs
Section 38 - Rights of Partners Upon Dissolution
Section 39 - Rights of Partner Entitled to Rescind Partnership
Section 40 - Rules for Settling Accounts Between Partners
Section 41 - Creditors' Rights; Continuing Business of Dissolved Partnership
Section 43 - Right to an Account
Section 44 - Actions to Reach and Apply Corporate Shares and Interests
Section 45 - Registration as Limited Liability Partnership; Annual Report; Withdrawal; Revocation
Section 46 - Name of Registered Limited Liability Partnership
Section 47 - Recognition Outside Commonwealth