24.06.340 - Admission of foreign corporation. - Washington Statutes

Admission of foreign corporation.

(1) No foreign corporation shall have the right to conduct affairs in this state until it shall have procured a certificate of authority from the secretary of state to do so. No foreign corporation shall be entitled to procure a certificate of authority under this chapter to conduct in this state any affairs which a corporation organized under this chapter is not permitted to conduct: PROVIDED, That no foreign corporation shall be denied a certificate of authority by reason of the fact that the laws of the state or country under which such corporation is organized governing its organization and internal affairs differ from the laws of this state: PROVIDED FURTHER, That nothing in this chapter contained shall be construed to authorize this state to regulate the organization or the internal affairs of such corporation.

     (2) Without excluding other activities not constituting the conduct of affairs in this state, a foreign corporation shall, for purposes of this chapter, not be considered to be conducting affairs in this state by reason of carrying on in this state any one or more of the following activities:

     (a) Maintaining or defending any action or suit or any administrative or arbitration proceeding, or effecting the settlement thereof, or the settlement of claims or disputes.

     (b) Holding meetings of its directors, members, or shareholders, or carrying on other activities concerning its internal affairs.

     (c) Maintaining bank accounts.

     (d) Creating evidences of debt, mortgages or liens on real or personal property.

     (e) Securing or collecting debts due to it or enforcing any rights in property securing the same.

[1969 ex.s. c 120 § 68.]