Section 10.20.465. Equal status as domestic corporations.

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A foreign corporation that has received a certificate of authority enjoys the same, but no greater, rights and privileges as a domestic corporation organized for the purposes set out in the application under which the certificate of authority is issued and, except as otherwise provided in this chapter, is subject to the duties, restrictions, penalties, and liabilities imposed upon a domestic corporation of like character.

Notes

History

(Sec. 1 ch 99 SLA 1968)

                    
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