47-14B-13. Failure of foreign business trust to register.
69 words·~1 min read·
/sd/title-47/chapter-47-14/47-14b-13·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The failure of a foreign business trust to register in the state does not:
(1)Impair the validity of any contract or act of the foreign business trust;
(2)Impair the right of any other party to the contract to maintain any action, suit, or proceeding on the contract; or
(3)Prevent the foreign business trust from defending any action, suit, or proceeding in any court of the state.