30-3-120 EFFECT OF ISSUANCE OF CERTIFICATE OF AUTHORITY TO FOREIGN CORPORATION. - Idaho Statutes

TITLE 30

CORPORATIONS

CHAPTER 3

IDAHO NONPROFIT CORPORATION ACT

30-3-120. Effect of issuance of certificate of authority to foreign corporation. (1) 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.

(2) A foreign corporation with a valid certificate of authority has the same rights and enjoys the same privilege 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.

(3) 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.