§ 23-0.5-5-2 — Foreign entity registration in Indiana; failure to register

Indiana § 23-0.5-5-2

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 0.5: UNIFORM BUSINESS ORGANIZATIONS CODE
• Ch. 5: Foreign Entities

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(a) A foreign entity may not do business in
Indiana until it registers with the secretary of state under this article.
However, this requirement does not apply to foreign regulated entities.
(b) A foreign entity doing business in Indiana may not maintain an
action or proceeding in this state unless it is registered to do business
in Indiana.
(c) The failure of a foreign entity to register to do business in
Indiana does not impair the validity of a contract or act of the foreign
entity or preclude it from defending an action or proceeding in Indiana.
(d) A limitation on the liability of an interest holder or governing
person of a foreign entity is not waived solely because the foreign
entity does business in Indiana without registering.
(e) Section 1(a) of this chapter applies to a foreign entity even if the
foreign entity fails to register under this chapter.
(f) A foreign entity is liable for a civil penalty of not more than ten
thousand dollars ($10,000) if it transacts business in Indiana without
a certificate of authority. The attorney general may collect all penalties
due under this subsection.

Legislative History

As added by P.L.118-2017, SEC.5. Amended by P.L.52-2018, SEC.13.