Sec. 1016.
(1) A certificate setting forth that the corporation is in good standing under the laws of the jurisdiction of its incorporation, executed by the official of the jurisdiction who has custody of the records pertaining to corporations and dated not earlier than 30 days before filing of the application, shall be attached to the application of a foreign corporation. If the certificate is in a foreign language, a translation of the certificate under oath of the translator shall be attached to the certificate.
(2) Upon filing of the application, accompanied by the filing and franchise fees prescribed by law, the administrator shall issue to the foreign corporation a certificate of authority to transact business in this state. Upon the issuance of a certificate of authority, the foreign corporation is authorized to transact in this state any business of the character set forth in its application, which a domestic corporation formed under this act may lawfully transact. The authority continues so long as the foreign corporation retains its authority to transact such business in the jurisdiction of its incorporation and its authority to transact business in this state has not been surrendered, suspended, or revoked.
History: 1972, Act 284, Eff. Jan. 1, 1973 ;-- Am. 1982, Act 407, Eff. Jan. 1, 1983 ;-- Am. 1993, Act 91, Eff. Oct. 1, 1993
Structure Michigan Compiled Laws
Act 284 of 1972 - Business Corporation Act (450.1101 - 450.2099)
284-1972-10 - Chapter 10 Foreign Corporations (450.2001...450.2099)
Section 450.2001 - Foreign Corporation Transacting Business in State on Effective Date of Act.
Section 450.2002 - Foreign Corporation With Certificate of Authority.
Section 450.2003 - Foreign Corporation Without Certificate of Authority.
Section 450.2012 - Activities Not Constituting Transaction of Business; Applicability of Section.
Section 450.2014 - Applicability of MCL 450.2001 to 450.2055.
Section 450.2015 - Certificate of Authority to Transact Business; Application; Filing; Contents.
Section 450.2023 - Repealed. 1993, Act 91, Eff. Oct. 1, 1993.
Section 450.2031 - Application for Withdrawal From State.
Section 450.2032 - Issuance and Effect of Certificate of Withdrawal.
Section 450.2041 - Certificate of Authority; Grounds for Revocation.
Section 450.2042 - Certificate of Authority; Revocation; Notice; Certificate of Revocation; Effect.
Section 450.2055 - Penalty for Transacting Business Without Certificate of Authority.
Section 450.2060 - Filing Fees.
Section 450.2061 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.2063 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
Section 450.2064 - “Regulated Investment Company” Defined.
Section 450.2099 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989.