§ 28-1-22-28 — Transaction of business without certificate; offenses; remedies

Indiana § 28-1-22-28

• Jurisdiction: Indiana
• Art. 1: DEPARTMENT OF FINANCIAL INSTITUTIONS
• Ch. 22: Foreign Corporations

Text

(a) No foreign corporation transacting
business in this state without procuring a certificate of admission, or,
if such a certificate has been procured, after its certificate of admission
has been withdrawn or revoked, shall maintain any suit, action or
proceeding in any of the courts of this state upon any demand, whether
arising out of contract or tort; and every such corporation so transacting
business shall be liable in an amount not exceeding ten thousand
dollars ($10,000), in an action by the attorney general in any county in
which the business was transacted.
(b) If any foreign corporation shall transact business in this state
without procuring a certificate of admission, or, if a certificate has been
procured, after its certificate has been withdrawn or revoked, or shall
transact any business not authorized by such certificate, such
corporation shall not be entitled to maintain any suit or action at law or
in equity upon any claim, legal or equitable, whether arising out of
contract or tort, in any court in this state; and it shall be the duty of the
attorney general, upon being advised that any foreign corporation is so
transacting business in this state, to bring an action in the circuit court
of Marion County for an injunction to restrain it from transacting
unauthorized business and for the annulment of its certificate of
admission, if one has been procured.
Formerly: Acts 1933, c.40, s.351. As amended by Acts 1978,
P.L.2, SEC.2812; P.L.171-1996, SEC.28.