Sec. 1002.
(1) A foreign corporation that receives a certificate of authority under this act, until a certificate of revocation or of withdrawal is issued under this act, has the same rights and privileges as a domestic corporation organized for the purposes contained in the application under which the certificate of authority is issued. Except as otherwise provided in this act, the corporation is subject to the same duties, restrictions, penalties, and liabilities of a similar domestic corporation.
(2) This act does not authorize this state to regulate the organization or internal affairs of a foreign corporation authorized to transact business in this state.
History: 1982, Act 162, Eff. Jan. 1, 1983 ;-- Am. 2014, Act 557, Imd. Eff. Jan. 15, 2015
Structure Michigan Compiled Laws
Act 162 of 1982 - Nonprofit Corporation Act (450.2101 - 450.3192)
162-1982-10 - Chapter 10 (450.3001...450.3099)
Section 450.3013 - Acquisition of Federally Insured or Guaranteed Loan by Foreign Corporation.
Section 450.3032 - Issuance of Certificate of Withdrawal to Foreign Corporation; Conditions; Effect.
Section 450.3060 - Fees; Payment; Certification of File or Record; Waiver; Form of Payment.
Section 450.3061 - Fee for Privilege of Exercising Franchises in State.