GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 1999

SESSION LAW 1999-151
SENATE BILL 483

AN ACT TO REVISE THE LAW GOVERNING THE LIMITATIONS OF SUCCESSORS AND ASSIGNEES OF FOREIGN CORPORATIONS AND FOREIGN NONPROFIT CORPORATIONS TO FILE CAUSES OF ACTION OR PROCEEDINGS.

The General Assembly of North Carolina enacts:

Section 1.  G.S. 55-15-02(a) reads as rewritten:
"(a)	No foreign corporation transacting business in this State without permission obtained through a certificate of authority under this Chapter or through domestication under prior acts shall be permitted to maintain any action or proceeding in any court of this State unless the foreign corporation has obtained a certificate of authority prior to 
		trial.
An issue arising under this subsection must be raised by motion and determined by the trial judge prior to trial."
Section 2.  G.S. 55A-15-02(a) reads as rewritten:
"(a)	No foreign corporation conducting affairs in this State without permission obtained through a certificate of authority under this Chapter or through domestication under prior acts shall be permitted to maintain any action or proceeding in any court of this State unless the foreign corporation has obtained a certificate of authority prior to 
		trial.
An issue arising under this subsection must be raised by motion and determined by the trial judge prior to trial."
Section 3.  This act becomes effective October 1, 1999, and applies to causes of action or proceedings filed on or after that date.
In the General Assembly read three times and ratified this the 27th day of May, 1999.

s/	Dennis A. Wicker
President of the Senate

s/	James B. Black
Speaker of the House of Representatives

s/	James B. Hunt, Jr.
Governor

Approved 4:40 p.m. this 4th day of June, 1999