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W. Va. Code § 31D-15-1505

Effect of certificate of authority

Applied in 1 court decision — leading case 114 Cal. App. 4th 434 - State Farm Mutual Automobile Insurance v. Superior Court (2003)

Most recently applied in 114 Cal. App. 4th 434 - State Farm Mutual Automobile Insurance v. Superior Court (December 2003)

(a) A certificate of authority authorizes the foreign corporation to which it is issued to transact business in this state subject to the right of the state to revoke the certificate as provided in this chapter.

(b) A foreign corporation with a valid certificate of authority has the same rights and has the same privileges as, and except as otherwise provided by this chapter is subject to the same duties, restrictions, penalties and liabilities as, a domestic corporation of like character.

(c) This chapter does not authorize this state to regulate the organization or internal affairs of a foreign corporation authorized to transact business in this state.

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