Official Code of Georgia Annotated

Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS · Chapter 11. LIMITED LIABILITY COMPANIES · Article 7. FOREIGN LIMITED LIABILITY COMPANIES

14-11-711. Failure of company to procure certificate; effect; penalty.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

(a)
A foreign limited liability company transacting business in this state may not maintain an action, suit, or proceeding in a court of this state until it is authorized to transact business in this state.#
(b)
The failure of a foreign limited liability company to procure a certificate of authority does not impair the validity of any contract or act of the foreign limited liability company or prevent the foreign limited liability company from defending any action, suit, or proceeding in any court of this state.#
(c)
A foreign limited liability company that transacts business in this state without registering as required by this chapter shall be liable to the state:#
1. (1)
  For all fees which would have been imposed by this chapter upon such foreign limited liability company had it registered as required by this article; and#
2. (2)
  If it has not been authorized to transact business in this state within 30 days after the first day on which it transacts business in this state, for a penalty of $500.00.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

Code 1981, § 14-11-711, enacted by Ga. L. 1993, p. 123, § 1; Ga. L. 2002, p. 989, § 16.

For article, ‘‘2014 Georgia Corporation and Business Organization Case Law Developments,’’ see 20 Ga. St. B. J. 26 (April 2015).

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t14-(v12)-2017-pdf.pdf, Volume V12, 2017 edition, pages 1179 to 1180; merge action: annotated; file SHA-256 f2fad2b71b39.