State Codes and Statutes

Statutes > Pennsylvania > Title-15 > Chapter-61 > 6141

SUBCHAPTER C POWERS, DUTIES AND LIABILITIES Sec. 6141. Penalty for doing business without certificate of authority. 6142. General powers and duties of qualified foreign corporations. 6143. General powers and duties of nonqualified foreign corporations. 6144. Registered office of qualified foreign corporations. 6145. Applicability of certain safeguards to foreign corporations. 6146. Provisions applicable to all foreign corporations. § 6141. Penalty for doing business without certificate of authority. (a) Right to bring actions suspended.--No nonqualified foreign corporation doing business in this Commonwealth within the meaning of Subchapter B of this chapter (relating to qualification) shall be permitted to maintain any action in any court of this Commonwealth until such corporation shall have obtained a certificate of authority. Nor, except as provided in subsection (b) of this section, shall any action be maintained in any court of this Commonwealth by any successor or assignee of such corporation on any right, claim or demand arising out of the doing of business by such corporation in this Commonwealth until a certificate of authority shall have been obtained by such corporation or by a corporation which has acquired all or substantially all of its assets. The failure of a foreign corporation to obtain a certificate of authority to transact business in this Commonwealth shall not impair the validity of any contract or act of such corporation and shall not prevent such corporation from defending any action in any court of this Commonwealth. (b) Title to real property.--The title to any real estate situate in this Commonwealth which is derived through any nonqualified foreign corporation not authorized under the laws of this Commonwealth to hold the same, and which has vested or vests in any foreign corporation for profit or not-for-profit authorized to hold such real estate or in any citizen or citizens of the United States or domestic corporation for profit or not-for-profit shall be good and valid and free and clear of any right of escheat by the Commonwealth; and the holder thereof may convey an estate indefeasible as to any right of escheat which the Commonwealth might otherwise have by reason of the unauthorized holding and conveyance by such nonqualified foreign corporation.

State Codes and Statutes

Statutes > Pennsylvania > Title-15 > Chapter-61 > 6141

SUBCHAPTER C POWERS, DUTIES AND LIABILITIES Sec. 6141. Penalty for doing business without certificate of authority. 6142. General powers and duties of qualified foreign corporations. 6143. General powers and duties of nonqualified foreign corporations. 6144. Registered office of qualified foreign corporations. 6145. Applicability of certain safeguards to foreign corporations. 6146. Provisions applicable to all foreign corporations. § 6141. Penalty for doing business without certificate of authority. (a) Right to bring actions suspended.--No nonqualified foreign corporation doing business in this Commonwealth within the meaning of Subchapter B of this chapter (relating to qualification) shall be permitted to maintain any action in any court of this Commonwealth until such corporation shall have obtained a certificate of authority. Nor, except as provided in subsection (b) of this section, shall any action be maintained in any court of this Commonwealth by any successor or assignee of such corporation on any right, claim or demand arising out of the doing of business by such corporation in this Commonwealth until a certificate of authority shall have been obtained by such corporation or by a corporation which has acquired all or substantially all of its assets. The failure of a foreign corporation to obtain a certificate of authority to transact business in this Commonwealth shall not impair the validity of any contract or act of such corporation and shall not prevent such corporation from defending any action in any court of this Commonwealth. (b) Title to real property.--The title to any real estate situate in this Commonwealth which is derived through any nonqualified foreign corporation not authorized under the laws of this Commonwealth to hold the same, and which has vested or vests in any foreign corporation for profit or not-for-profit authorized to hold such real estate or in any citizen or citizens of the United States or domestic corporation for profit or not-for-profit shall be good and valid and free and clear of any right of escheat by the Commonwealth; and the holder thereof may convey an estate indefeasible as to any right of escheat which the Commonwealth might otherwise have by reason of the unauthorized holding and conveyance by such nonqualified foreign corporation.

State Codes and Statutes

State Codes and Statutes

Statutes > Pennsylvania > Title-15 > Chapter-61 > 6141

SUBCHAPTER C POWERS, DUTIES AND LIABILITIES Sec. 6141. Penalty for doing business without certificate of authority. 6142. General powers and duties of qualified foreign corporations. 6143. General powers and duties of nonqualified foreign corporations. 6144. Registered office of qualified foreign corporations. 6145. Applicability of certain safeguards to foreign corporations. 6146. Provisions applicable to all foreign corporations. § 6141. Penalty for doing business without certificate of authority. (a) Right to bring actions suspended.--No nonqualified foreign corporation doing business in this Commonwealth within the meaning of Subchapter B of this chapter (relating to qualification) shall be permitted to maintain any action in any court of this Commonwealth until such corporation shall have obtained a certificate of authority. Nor, except as provided in subsection (b) of this section, shall any action be maintained in any court of this Commonwealth by any successor or assignee of such corporation on any right, claim or demand arising out of the doing of business by such corporation in this Commonwealth until a certificate of authority shall have been obtained by such corporation or by a corporation which has acquired all or substantially all of its assets. The failure of a foreign corporation to obtain a certificate of authority to transact business in this Commonwealth shall not impair the validity of any contract or act of such corporation and shall not prevent such corporation from defending any action in any court of this Commonwealth. (b) Title to real property.--The title to any real estate situate in this Commonwealth which is derived through any nonqualified foreign corporation not authorized under the laws of this Commonwealth to hold the same, and which has vested or vests in any foreign corporation for profit or not-for-profit authorized to hold such real estate or in any citizen or citizens of the United States or domestic corporation for profit or not-for-profit shall be good and valid and free and clear of any right of escheat by the Commonwealth; and the holder thereof may convey an estate indefeasible as to any right of escheat which the Commonwealth might otherwise have by reason of the unauthorized holding and conveyance by such nonqualified foreign corporation.