47-27-12. Failure to obtain certificate as barring suit within state.
113 words·~1 min read·
/sd/title-47/chapter-47-27/47-27-12A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No foreign corporation which is doing or engaging in any business in this state without a certificate of authority shall be permitted to maintain any action, suit, or proceeding in any court of this state until such corporation shall have obtained a certificate of authority. Nor shall any action, suit, or proceeding be maintained in any court of this state by any successor or assignee of such corporation on any right, claim, or demand arising out of the conduct of affairs by such corporation in this state, until a certificate of authority shall have been obtained by such corporation or by a corporation which has acquired all or substantially all of its assets.