16-6a-1505. Effect of filing an
application for authority to conduct affairs.
(1) Filing an application for authority to conduct affairs
authorizes the foreign nonprofit corporation to conduct affairs in this state,
subject to the right of the state to revoke the authority as provided in this
part.
(2) A foreign nonprofit corporation that has authority to
conduct affairs in this state:
(a) has the same rights and privileges as, but no
greater rights or privileges than, a domestic nonprofit corporation of like
character; and
(b) except as otherwise provided by this chapter, is
subject to the same duties, restrictions, penalties, and liabilities imposed on
or later to be imposed on, a domestic nonprofit corporation of like character.
(3) This chapter does not authorize this state to regulate
the organization or internal affairs of a foreign nonprofit corporation
authorized to conduct affairs in this state.
Enacted by Chapter 300, 2000 General Session