Transaction of business without registration.
1. A foreign business trust transacting business in this State may not maintain any action, suit or proceeding in any court of this State until it has registered in this State.
2. The failure of a foreign business trust to register in this State does not impair the validity of any contract or act of the foreign business trust or prevent the foreign business trust from defending any action, suit or proceeding in any court of this State.
3. A foreign business trust, by transacting business in this State without registration, appoints the Secretary of State as its agent for service of process with respect to causes of action arising out of the transaction of business in this State.
Last modified: February 26, 2006