Michigan Compiled Laws
162-1982-10 - Chapter 10 (450.3001...450.3099)
Section 450.3055 - Foreign Corporation Conducting Affairs in State Without Certificate of Authority; Penalty.

Sec. 1055.
In addition to any other liability imposed by law, a foreign corporation conducting affairs in this state without a certificate of authority shall forfeit to the state a penalty of not less than $100.00 nor more than $1,000.00 for each calendar month, not more than 5 years prior thereto, in which it has conducted affairs in this state without a certificate of authority. This penalty shall not exceed $10,000.00. The penalty shall be recovered with costs in an action prosecuted by the attorney general.
History: 1982, Act 162, Eff. Jan. 1, 1983

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 450 - Corporations

Act 162 of 1982 - Nonprofit Corporation Act (450.2101 - 450.3192)

162-1982-10 - Chapter 10 (450.3001...450.3099)

Section 450.3001 - Foreign Corporation Authorized to Conduct Affairs in This State on January 1, 1983; Rights and Privileges; Duties, Restrictions, Penalties, and Liabilities.

Section 450.3002 - Foreign Corporation Receiving Certificate of Authority Under Act; Rights and Privileges; Duties, Restrictions, Penalties, and Liabilities.

Section 450.3003 - Foreign Corporation Conducting Affairs Without Certificate of Authority; Duties, Restrictions, Penalties, and Liabilities.

Section 450.3011 - Foreign Corporation; Certificate of Authority Required; Extent of Authorization to Conduct Affairs in State.

Section 450.3012 - Foreign Corporation Not Considered to Be Conducting Affairs in State; Activities; Applicability of Section.