35-14-1502. Registration to do business in this state.
203 words·~1 min read·
/mt/title-35/chapter-14/part-15/35-14-1502·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
35-14-1502 . Registration to do business in this state.
(1)A foreign corporation may not do business in this state until it registers with the secretary of state under this part.
(2)A foreign corporation doing business in this state may not maintain a proceeding in any court of this state until it is registered to do business in this state.
(3)Except as provided in subsection (4), the failure of a foreign corporation to register to do business in this state does not impair the validity of a contract or act of the foreign corporation or preclude it from defending a proceeding in this state.
(4)A contract between the state of Montana, an agency of the state, or a political subdivision of the state and a foreign corporation that has failed to register to do business as required under 35-14-1505
(4)is voidable by the state, the contracting state agency, or the contracting political subdivision.
(5)A limitation on the liability of a shareholder or director of a foreign corporation is not waived solely because the foreign corporation does business in this state without registering.
(6)Section 35-14-1501
(1)applies even if a foreign corporation fails to register under this part.