No person shall exercise or attempt to exercise any powers, privileges, or franchises under the articles of incorporation or certificate of authority of a corporation after the articles or certificate is canceled as provided by law for failure to make a report or return or to pay any tax or fee. A penalty of one hundred dollars shall be imposed for each day a violation of this section occurs, up to a maximum of five thousand dollars.
Effective Date: 10-05-1987
Section: Previous 5733.14 5733.15 5733.16 5733.17 5733.18 5733.19 5733.20 5733.21 5733.22 5733.23 5733.24 5733.25 5733.26 5733.261 5733.27 NextLast modified: October 10, 2016