Stay of proceeding until necessity for certificate of authority is determined and obtained.

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47-1A-1502.1. Stay of proceeding until necessity for certificate of authority is determined and obtained.

A court may stay a proceeding commenced by a foreign corporation, its successor, or assignee until it determines whether the foreign corporation or its successor requires a certificate of authority. If it so determines, the court may further stay the proceeding until the foreign corporation or its successor obtains the certificate.

Source: SL 2005, ch 239, §349.


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