BUSINESS CORPORATION ACT (EXCERPT)
Act 284 of 1972
450.2055 Penalty for transacting business without certificate of authority.
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.
History: 1972, Act 284, Eff. Jan. 1, 1973
Rendered 8/15/2025 2:53 PM
Michigan Compiled Laws Complete Through PA 5 of 2025
Courtesy of legislature.mi.gov