47-1A-1502.1. Stay of proceeding until necessity for certificate of authority is determined and obtained.
51 words·~1 min read·
/sd/title-47/chapter-47-1/47-1a-1502-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A court may stay a proceeding commenced by a foreign corporation, its successor, or assignee until it determines whether the foreign corporation or its successor requires a certificate of authority. If it so determines, the court may further stay the proceeding until the foreign corporation or its successor obtains the certificate.