South Dakota Codified Laws 47-27-13. Failure to obtain certificate as not barring defense to action within state
Current as of: 2023 | Check for updates
|
Other versions
The failure of a foreign corporation to obtain a certificate of authority to do or engage in any business in this state shall not impair the validity of any contract or act of such corporation, and shall not prevent such corporation from defending any action, suit or proceeding in any court of this state.
Terms Used In South Dakota Codified Laws 47-27-13
- Contract: A legal written agreement that becomes binding when signed.
- 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.
Source: SL 1965, ch 24, § 82.