Mich. Comp. Laws § 450.2055: Penalty for transacting business without certificate of authority.
Where this section sits in the code
- MI Code
- Chapter 450
- Act Act-284-of-1972
Sec. 1055.
In addition to any other liability imposed by law, a foreign corporation transacting business in this state without a certificate of authority shall forfeit to the state a penalty of not less than $100.00, nor more than $1,000.00, for each calendar month, not more than 5 years prior thereto, in which it has transacted business in this state without a certificate of authority. This penalty shall not exceed $10,000.00. The penalty shall be recovered with costs in an action prosecuted by the attorney general.
Collected 2026-09-14T18:32:31Z. Source file · JSON