47-27-14. Liability for doing business in state without certificate--Fees and reports--Interest and penalties--Action by attorney general.
141 words·~1 min read·
/sd/title-47/chapter-47-27/47-27-14A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A foreign corporation which does or engages in any business in this state without a certificate of authority shall be liable to this state, for the years or parts thereof during which it did or engaged in any business in this state without a certificate of authority, in an amount equal to all fees which would have been imposed by chapter 47-28 upon such corporation had it duly applied for and received a certificate of authority to do or engage in any business in this state as required by this chapter and thereafter filed all reports required by this chapter and chapter 47-28 , plus all interest and penalties imposed by this chapter or chapter 47-28 for failure to pay such fees.
The attorney general shall bring proceedings to recover all amounts due this state under the provisions of this section.