Okla. Stat. tit. 18, § 18-441-1407
This is the official text of Okla. Stat. tit. 18, § 18-441-1407, part of Oklahoma’s Stat. tit. 18, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 18,." Browse the sections below, each linked to its official government source.
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Cancellation of certificate of authority - Effect of
Official statutory text
failure to have certificate.
CANCELLATION OF CERTIFICATE OF AUTHORITY; EFFECT OF FAILURE TO
HAVE CERTIFICATE.
(a) To cancel its certificate of authority, a foreign
cooperative must deliver to the Secretary of State for filing a
notice of cancellation. The certificate is canceled when the notice
becomes effective under Section 23 of this act.
(b) A foreign cooperative transacting business in this state
may not maintain an action or proceeding in this state unless it has
a certificate of authority.
Oklahoma Statutes - Title 18. Corporations Page 224
(c) The failure of a foreign cooperative to have a certificate
of authority does not impair the validity of a contract or act of
the foreign cooperative or prevent the foreign cooperative from
defending an action or proceeding in this state.
(d) A member of a foreign cooperative is not liable for the
obligations of the foreign cooperative solely by reason of the
foreign cooperative’s having transacted business in this state
without a certificate of authority.
(e) If a foreign cooperative transacts business in this state
without a certificate of authority or cancels its certificate, it
appoints the Secretary of State as its agent for service of process
for an action arising out of the transaction of business in this
state.
CANCELLATION OF CERTIFICATE OF AUTHORITY; EFFECT OF FAILURE TO
HAVE CERTIFICATE.
(a) To cancel its certificate of authority, a foreign
cooperative must deliver to the Secretary of State for filing a
notice of cancellation. The certificate is canceled when the notice
becomes effective under Section 23 of this act.
(b) A foreign cooperative transacting business in this state
may not maintain an action or proceeding in this state unless it has
a certificate of authority.
Oklahoma Statutes - Title 18. Corporations Page 224
(c) The failure of a foreign cooperative to have a certificate
of authority does not impair the validity of a contract or act of
the foreign cooperative or prevent the foreign cooperative from
defending an action or proceeding in this state.
(d) A member of a foreign cooperative is not liable for the
obligations of the foreign cooperative solely by reason of the
foreign cooperative’s having transacted business in this state
without a certificate of authority.
(e) If a foreign cooperative transacts business in this state
without a certificate of authority or cancels its certificate, it
appoints the Secretary of State as its agent for service of process
for an action arising out of the transaction of business in this
state.
Status: in_force · Read it on the official government site
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