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Contracts entered into by entity using unregistered fictitious name - 54 Pa. Cons. Stat. § 331Legal Research Home > Pennsylvania Statutes Sponsored Links
§ 331. Contracts entered into by entity using unregistered
fictitious name.
(a) General rule.--No entity which has failed to register a
fictitious name as required by this chapter shall be permitted
to maintain any action in any tribunal of this Commonwealth
until such entity shall have complied with the provisions of
this chapter. Nor shall any action be maintained in any tribunal
of this Commonwealth by any successor or assignee of such entity
on any right, claim or demand arising out of a transaction with
respect to which such entity used such fictitious name until
such entity, or an entity which has acquired all or
substantially all of its assets, shall have complied with the
provisions of this chapter. The failure of any entity to
register a fictitious name as required by this chapter shall not
impair the validity of any contract or act of such entity and
shall not prevent such entity from defending any action in any
tribunal of this Commonwealth.
(b) Civil penalty.--Before any entity may institute any
action in any tribunal of this Commonwealth on any cause of
action arising out of any transaction in respect to which such
entity used a fictitious name prior to the date of the
registration of such fictitious name, or after the date its
registration under this chapter was cancelled or otherwise
terminated as to such entity, the entity shall pay to the
department for the use of the Commonwealth a civil penalty of
$500.
(c) Substantial compliance.--The penalties of subsections
(a) and (b) shall not be applicable if there has been
substantial compliance in good faith with the requirements of
this chapter or the corresponding provisions of prior law.
Cross References. Section 331 is referred to in section 332
of this title.
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Last modified: November 27, 2007 |