[§414D-275]  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 to
the right of the State to revoke the certificate as provided in this chapter.



(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 chapter, is subject to the same
duties, restrictions, penalties, and liabilities now or later imposed on, a
domestic corporation of like character.



(c)  This chapter does not authorize this State
to regulate the organization or internal affairs of a foreign corporation
authorized to transact business in this State. [L 2001, c 105, pt of §1]