2006 Michigan Compiled Laws - Mich. Comp. Laws § 450.3055 Foreign corporation conducting affairs in state without certificate of authority; penalty.
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Act 162 of 1982 450.3055 Foreign corporation conducting affairs in state without certificate of authority; penalty. Sec. 1055. In addition to any other liability imposed by law, a foreign corporation conducting affairs in this state without a certificate of authority shall forfeit to the state a penalty of not less than $100.00 nor more than $1,000.00 for each calendar month, not more than 5 years prior thereto, in which it has conducted affairs in this state without a certificate of authority. This penalty shall not exceed $10,000.00. The penalty shall be recovered with costs in an action prosecuted by the attorney general.
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