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Penalty for doing business without certificate of authority - 15 Pa. Cons. Stat. § 6141Legal Research Home > Pennsylvania Statutes
SUBCHAPTER C
POWERS, DUTIES AND LIABILITIES
Sec.
6141. Penalty for doing business without certificate of
authority.
6142. General powers and duties of qualified foreign
corporations.
6143. General powers and duties of nonqualified foreign
corporations.
6144. Registered office of qualified foreign corporations.
6145. Applicability of certain safeguards to foreign
corporations.
6146. Provisions applicable to all foreign corporations.
§ 6141. Penalty for doing business without certificate of
authority.
(a) Right to bring actions suspended.--No nonqualified
foreign corporation doing business in this Commonwealth within
the meaning of Subchapter B of this chapter (relating to
qualification) shall be permitted to maintain any action in any
court of this Commonwealth until such corporation shall have
obtained a certificate of authority. Nor, except as provided in
subsection (b) of this section, shall any action be maintained
in any court of this Commonwealth by any successor or assignee
of such corporation on any right, claim or demand arising out of
the doing of business by such corporation in this Commonwealth
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. The failure of a foreign
corporation to obtain a certificate of authority to transact
business in this Commonwealth shall not impair the validity of
any contract or act of such corporation and shall not prevent
such corporation from defending any action in any court of this
Commonwealth.
(b) Title to real property.--The title to any real estate
situate in this Commonwealth which is derived through any
nonqualified foreign corporation not authorized under the laws
of this Commonwealth to hold the same, and which has vested or
vests in any foreign corporation for profit or not-for-profit
authorized to hold such real estate or in any citizen or
citizens of the United States or domestic corporation for profit
or not-for-profit shall be good and valid and free and clear of
any right of escheat by the Commonwealth; and the holder thereof
may convey an estate indefeasible as to any right of escheat
which the Commonwealth might otherwise have by reason of the
unauthorized holding and conveyance by such nonqualified foreign
corporation.
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Last modified: November 27, 2007 |
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