Sec. 33-924. Effect of certificate of authority. - Connecticut Statutes

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Statutes > Connecticut > Title33 > Chap601 > Sec33-924

      Sec. 33-924. 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 sections 33-600 to 33-998, inclusive.

      (b) A foreign corporation with a valid certificate of authority has the same but no greater rights and has the same but no greater privileges as, and except as otherwise provided by sections 33-600 to 33-998, inclusive, is subject to the same duties, restrictions, penalties and liabilities imposed on, a domestic corporation of like character.

      (c) Sections 33-600 to 33-998, inclusive, do not authorize this state to regulate the organization or internal affairs of a foreign corporation authorized to transact business in this state.

      (P.A. 94-186, S. 188, 215; P.A. 96-271, S. 135, 254.)

      History: P.A. 94-186 effective January 1, 1997; P.A. 96-271 amended Subsec. (b) to make a technical change, effective January 1, 1997.

      Annotations to former section 33-136:

      As a general rule, a foreign corporation cannot act as executor. 74 C. 625. Effect of two states uniting to form one corporation. 82 C. 73. Cannot use name likely to deceive public and injure older domestic corporation. 83 C. 679. Right of courts here to appoint receiver of business of foreign corporation. 91 C. 91. When foreign corporation may act as executor, discussed. 92 C. 656. Right of courts here to control foreign corporation by injunction. 96 C. 272. Right of state to tax foreign corporation for privilege of doing business. 97 C. 526. Right to incidentally interfere with internal affairs of a foreign corporation. 98 C. 256.

State Codes and Statutes

Statutes > Connecticut > Title33 > Chap601 > Sec33-924

      Sec. 33-924. 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 sections 33-600 to 33-998, inclusive.

      (b) A foreign corporation with a valid certificate of authority has the same but no greater rights and has the same but no greater privileges as, and except as otherwise provided by sections 33-600 to 33-998, inclusive, is subject to the same duties, restrictions, penalties and liabilities imposed on, a domestic corporation of like character.

      (c) Sections 33-600 to 33-998, inclusive, do not authorize this state to regulate the organization or internal affairs of a foreign corporation authorized to transact business in this state.

      (P.A. 94-186, S. 188, 215; P.A. 96-271, S. 135, 254.)

      History: P.A. 94-186 effective January 1, 1997; P.A. 96-271 amended Subsec. (b) to make a technical change, effective January 1, 1997.

      Annotations to former section 33-136:

      As a general rule, a foreign corporation cannot act as executor. 74 C. 625. Effect of two states uniting to form one corporation. 82 C. 73. Cannot use name likely to deceive public and injure older domestic corporation. 83 C. 679. Right of courts here to appoint receiver of business of foreign corporation. 91 C. 91. When foreign corporation may act as executor, discussed. 92 C. 656. Right of courts here to control foreign corporation by injunction. 96 C. 272. Right of state to tax foreign corporation for privilege of doing business. 97 C. 526. Right to incidentally interfere with internal affairs of a foreign corporation. 98 C. 256.

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State Codes and Statutes

Statutes > Connecticut > Title33 > Chap601 > Sec33-924

      Sec. 33-924. 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 sections 33-600 to 33-998, inclusive.

      (b) A foreign corporation with a valid certificate of authority has the same but no greater rights and has the same but no greater privileges as, and except as otherwise provided by sections 33-600 to 33-998, inclusive, is subject to the same duties, restrictions, penalties and liabilities imposed on, a domestic corporation of like character.

      (c) Sections 33-600 to 33-998, inclusive, do not authorize this state to regulate the organization or internal affairs of a foreign corporation authorized to transact business in this state.

      (P.A. 94-186, S. 188, 215; P.A. 96-271, S. 135, 254.)

      History: P.A. 94-186 effective January 1, 1997; P.A. 96-271 amended Subsec. (b) to make a technical change, effective January 1, 1997.

      Annotations to former section 33-136:

      As a general rule, a foreign corporation cannot act as executor. 74 C. 625. Effect of two states uniting to form one corporation. 82 C. 73. Cannot use name likely to deceive public and injure older domestic corporation. 83 C. 679. Right of courts here to appoint receiver of business of foreign corporation. 91 C. 91. When foreign corporation may act as executor, discussed. 92 C. 656. Right of courts here to control foreign corporation by injunction. 96 C. 272. Right of state to tax foreign corporation for privilege of doing business. 97 C. 526. Right to incidentally interfere with internal affairs of a foreign corporation. 98 C. 256.