Effective 1-1-2018.
- (b) A foreign filing entity doing business in Indiana may not maintain an action or proceeding in this state unless it is registered to do business in Indiana.
- (c) The failure of a foreign filing entity to register to do business in Indiana does not impair the validity of a contract or act of the foreign filing entity or preclude it from defending an action or proceeding in Indiana.
- (d) A limitation on the liability of an interest holder or governing person of a foreign filing entity is not waived solely because the foreign filing entity does business in Indiana without registering.
- (e) Section 1(a) of this chapter applies to a foreign entity even if the foreign entity fails to register under this chapter.
- (f) A foreign filing entity is liable for a civil penalty of not more than ten thousand dollars ($10,000) if it transacts business in Indiana without a certificate of authority. The attorney general may collect all penalties due under this subsection.
Sec. 2. (a) A foreign filing entity may not do business in Indiana until it registers with the secretary of state under this article. However, this requirement does not apply to foreign regulated entities.
As added by P.L.118-2017, SEC.5.