Title 14, Chapter 3, Section 1502
( 14-3-1502)
(a) 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. (b) 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
unless before the commencement of the proceeding the foreign
corporation or its successor obtains a certificate of authority. (c) Notwithstanding subsections (a) and (b) of this Code section,
the failure of a foreign corporation to obtain a certificate of
authority does not impair the validity of its corporate acts or
prevent it from defending any proceeding in this state. |