Application to qualified foreign corporations

A foreign corporation authorized to transact business in this state on July 1, 1989, is subject to this chapter but is not required to obtain a new certificate of authority to transact business under this chapter. (Code 1981, § 14-2-1702, enacted by Ga. L. 1988, p. 1070, § 1.) COMMENT Source: Model Act Section 14-2-1702. This replaces present § 14-2-329. Section 14-2-1702 makes the Code applicable on its effective date to all foreign corporations that are qualified to transact business in the state on that date. But these corporations need not refile and obtain new certificates of authority under the Code. Cross-References Application to interstate and foreign commerce, see § 14-2-1701. Domesticated foreign corporations, see § 14-2-1540. Foreign corporations generally, see Article 15. 583 14-2-1702 CORPORATIONS & PARTNERSHIPS 14-2-1703