79-11-397 - Application to pre-existing foreign corporations authorized to transact business. - Mississippi Statutes

§ 79-11-397. Application to pre-existing foreign corporations authorized to transact business.
 

(1)  A foreign corporation authorized to transact business in this state on January 1, 1988 Section 79-11-101 et seq. is subject to Section 79-11-101 et seq. but is not required to obtain a new certificate of authority to transact business under Section 79-11-101 et seq. 

(2)  A foreign corporation domesticated in this state on January 1, 1988, is subject to Section 79-11-101 et seq., and its status shall automatically change from a foreign corporation domesticated in this state to that of a foreign corporation authorized to transact business in this state, and such corporation is not required to obtain a new certificate of authority to transact business under Section 79-11-101 et seq. 
 

Sources: Laws,  1987, ch. 485, § 149; Laws, 1988, ch. 417, § 9, eff from and after July 1, 1988.