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§ 47-1A-1502 Consequences of transacting business without authority.

SD Codified L § 47-1A-1502 (2019) (N/A)
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47-1A-1502. Consequences of transacting business without authority. A foreign corporation transacting business in this state without a certificate of authority may not maintain a proceeding in any court in this state until it obtains a certificate of authority. The successor to a foreign corporation that transacted business in this state without a certificate of authority and the assignee of a cause of action arising out of that business may not maintain a proceeding based on that cause of action in any court in this state until the foreign corporation or its successor obtains a certificate of authority.

Source: SL 2005, ch 239, § 348.

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§ 47-1A-1501 Authority to transact business required.
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§ 47-1A-1502.1 Stay of proceeding until necessity for certificate of authority is determined and obtained.