(a) A certificate of authority authorizes the foreign corporation to which it is issued to transact business in this state subject, however, to the right of the state to revoke the certificate as provided in this chapter.
(b) A foreign corporation with a valid certificate of authority has the same rights and enjoys the same privileges as and, except as otherwise provided by this chapter, is subject to the same duties, restrictions, penalties, and liabilities now or later imposed on, a domestic corporation of like character.
(c) This chapter does not authorize this state to regulate the organization or internal affairs of a foreign corporation authorized to transact business in this state.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 33 - The Arkansas Nonprofit Corporation Act of 1993
Subchapter 15 - Foreign Corporations
Part A - Certificate of Authority
§ 4-33-1501. Authority to transact business required
§ 4-33-1502. Consequences of transacting business without authority
§ 4-33-1503. Application for certificate of authority
§ 4-33-1504. Amended certificate of authority
§ 4-33-1505. Effect of certificate of authority
§ 4-33-1506. Corporate name of foreign corporation
§ 4-33-1507. Registered office and registered agent of foreign corporation
§ 4-33-1508. Change of registered office or registered agent of foreign corporation
§ 4-33-1509. Resignation of registered agent of foreign corporation