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Mich. Comp. Laws § 450.5003

Certificate of authority; issuance; powers, rights, and privileges of foreign limited liability company

Applied in 1 court decision — leading case Magna Powertrain De Mexico S.A. De C.V. v. Momentive Performance Materials USA LLC (2016)

Most recently applied in Magna Powertrain De Mexico S.A. De C.V. v. Momentive Performance Materials USA LLC (June 2016)

1993, Act 23, Eff

Sec. 1003. (1) If the administrator finds that an application for a certificate of authority substantially conforms to the requirements of this act and all requisite fees have been paid, the administrator shall file the application and issue to the foreign limited liability company a certificate of authority to transact business in this state, in accordance with section 104. (2) Upon the issuance of a certificate of authority, the foreign limited liability company may transact in this state any business that a domestic limited liability company formed under this act may lawfully transact, except as limited by statements in its application for a certificate of authority or under the law of its jurisdiction of organization. The authority continues so long as the foreign limited liability company retains its authority to transact such business in the jurisdiction of its organization and its authority to transact business in this state has not been surrendered, suspended, or revoked. (3) A foreign limited liability company holding a valid certificate of authority in this state has no greater rights or privileges than a domestic limited liability company. The certificate of authority does not authorize the foreign limited liability company to exercise any of its powers or purposes that a domestic limited liability company is forbidden by law to exercise in this state.

Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.