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2008 SESSION

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HB 1490 Foreign business entities; must register with State and State Corporation Commission.

Introduced by: Lacey E. Putney | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Foreign business entities; failure to register.  Bars the successor to a foreign limited liability company, business trust or limited partnership that transacted business in the Commonwealth without registering in the Commonwealth, and the assignee of a cause of action arising out of that business, from maintaining a proceeding based on that cause of action in any court until the foreign business entity or its successor has registered with the State Corporation Commission. Similar prohibitions currently exist with respect to foreign stock and nonstock corporations.


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