§ 17-19-1505 — Effect of certificate of authority

(a) A certificate of authority authorizes the foreign
corporation to which it is issued to transact business in this
state subject, however, to the right of the state to revoke the
certificate as provided in this act.
(b) A foreign corporation with a valid certificate of
authority has the same rights and enjoys the same privileges as
and, except as otherwise provided by this act, is subject to the
same duties, restrictions, penalties and liabilities now or
later imposed on, a domestic corporation of like character.
(c) This act does not authorize this state to regulate the
organization or internal affairs of a foreign corporation
authorized to transact business in this state.