Missouri Laws 351.582 – Effect of certificate of authority
Current as of: 2024 | Check for updates
|
Other versions
1. A certificate of authority authorizes the foreign corporation to which it is issued to transact business in this state subject, however, to the right of the state to revoke the certificate as provided in this chapter.
2. A foreign corporation with a valid certificate of authority has the same but no greater rights and has the same but no greater privileges as, and except as otherwise provided by this chapter, is subject to the same duties, restrictions, penalties, and liabilities now or later imposed on, a domestic corporation of like character.
Terms Used In Missouri Laws 351.582
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- domestic corporation: includes corporations organized under this chapter or subject to some or all of the provisions of this chapter except a foreign corporation. See Missouri Laws 351.015
- Foreign corporation: means a corporation for profit organized under laws other than the laws of this state. See Missouri Laws 351.015
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- State: when applied to any of the United States, includes the District of Columbia and the territories, and the words "United States" includes such district and territories. See Missouri Laws 1.020
3. This chapter does not authorize this state to regulate the organization or internal affairs of a foreign corporation authorized to transact business in this state.