US Laws, Codes, Statutes & Cases

 
  § 1313. Actions   or   special   proceedings   by  unauthorized  foreign
        corporations.
    (a)  A foreign corporation conducting activities in this state without
  authority shall not maintain any action or special  proceeding  in  this
  state  unless  and until such corporation has been authorized to conduct
  activities in this state  and  it  has  paid  to  the  state  all  fees,
  penalties  and  franchise  taxes, if any, for the years or parts thereof
  during which it conducted activities in this  state  without  authority.
  This  prohibition  shall  apply  to  any  successor  in interest of such
  foreign corporation.
    (b)   The failure of a foreign  corporation  to  obtain  authority  to
  conduct  activities  in  this state shall not impair the validity of any
  contract or act of the foreign corporation or the  right  of  any  other
  party  to  the  contract  to  maintain  any action or special proceeding
  thereon, and shall not prevent the foreign  corporation  from  defending
  any action or special proceeding in this state.