Colorado § 7-90-805 Effect of statement of foreign entity authority

Colorado Statutes

§ 7-90-805 — Effect of statement of foreign entity authority

Colorado·Title 07 Corporations·Art. Colorado Corporations and Associations Act

(1)A foreign entity is authorized to transact business or conduct activities in this state from the effective date of its statement of foreign entity authority until the effective date of its statement of foreign entity withdrawal.

(2)A foreign entity that has authority to transact business or conduct activities in this state has the same rights and privileges as, but no greater rights or privileges than, and, except as otherwise provided by this title, is subject to the same duties, restrictions, penalties, and liabilities imposed upon, a functionally equivalent domestic entity.

(3)Nothing in this part 8 authorizes this state to regulate the organization, formation, existence, or internal activities of a foreign entity authorized to transact business or conduct activities in

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(1) A foreign
entity is authorized to transact business or conduct activities in this state from the
effective date of its statement of foreign entity authority until the effective date of
its statement of foreign entity withdrawal.

(2) A foreign entity that has authority to transact business or conduct
activities in this state has the same rights and privileges as, but no greater rights or
privileges than, and, except as otherwise provided by this title, is subject to the
same duties, restrictions, penalties, and liabilities imposed upon, a functionally
equivalent domestic entity.

(3) Nothing in this part 8 authorizes this state to regulate the organization,
formation, existence, or internal activities of a foreign entity authorized to transact
business or conduct activities in this state.

(4) As to any foreign entity transacting business or conducting activities in
this state, the law of the jurisdiction under the law of which the foreign entity is
formed shall govern the organization and internal affairs of the foreign entity and
the liability of its owners and managers.

Colorado § 7-90-805 (Effect of statement of foreign entity authority) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2003: Entire part added, p. 2308, � 217, effective July 1, 2004. L. 2004: (4) amended, p. 1493, � 239, effective July 1. L. 2005: (1) amended, p. 1211, � 19, effective October 1.