Section 1103. Transactions of business outside the state

(a) It is the
  intention of the legislature by the enactment of this chapter  that  the
  legal existence of a limited liability company formed under this chapter
  be  recognized  beyond the limits of this state and that, subject to any
  reasonable registration requirements, any such limited liability company
  transacting business outside this state shall be granted the  protection
  of  full  faith  and  credit  under  section  l  of  article  IV  of the
  Constitution of the United States.
    (b) The provisions of this chapter  shall  determine  the  rights  and
  obligations  of  a  domestic  limited liability company, organized under
  this chapter, in commerce with foreign nations  and  among  the  several
  states, except as prohibited by law.