C.R.S. Section 7-90-802
Consequences of transacting business or conducting activities without authority

(1)

Intentionally left blank —Ed.

(a)

No foreign entity transacting business or conducting activities in this state without authority, nor anyone on its behalf, shall be permitted to maintain a proceeding in any court in this state for the collection of its debts until a statement of foreign entity authority for the foreign entity is filed in the records of the secretary of state.

(b)

A court may stay a proceeding commenced by a foreign entity until it determines whether the foreign entity should have a statement of foreign entity authority on file with the secretary of state. If the court determines that the foreign entity should have a statement of foreign entity authority on file with the secretary of state, the court may further stay the proceeding until there is a statement of foreign entity authority on file with the secretary of state with respect to the foreign entity. If a foreign entity has a statement of foreign entity authority on file with the secretary of state, no proceeding in any court in this state to which the foreign entity is a party shall, after the effective date of such statement of foreign entity authority, be dismissed by reason of a statement of foreign entity authority not being on file with the secretary of state with respect to the foreign entity.

(2)

A foreign entity that transacts business or conducts activities in this state without being authorized to do so shall be liable to this state in an amount equal to the fee as prescribed by the secretary of state from time to time, not to exceed one hundred dollars for each calendar year or part of a calendar year during which it transacted business or conducted activities in this state without being authorized to do so, plus all penalties imposed by this state pursuant to subsection (3) of this section for failure to pay such fees. No statement of foreign entity authority shall be filed until payment of the amounts due under this subsection (2) and subsection (3) of this section is made.

(3)

A foreign entity that transacts business or conducts activities in this state without having a statement of foreign entity authority on file in the records of the secretary of state shall be subject to a civil penalty, payable to this state, not to exceed five thousand dollars.

(4)

The amounts due to this state under the provisions of subsection (2) of this section and the civil penalties set forth in subsection (3) of this section may be recovered in an action brought by the attorney general in the district court in and for the city and county of Denver. Upon a finding by the court that a foreign entity or any of its managers or agents on its behalf has transacted business or conducted activities in this state in violation of this part 8, the court may issue, in addition to or in lieu of the imposition of a civil penalty, an injunction restraining the further transaction of business or conducting of activities by the foreign entity and the managers and agents, and the further exercise of any rights and privileges of an entity in this state until all amounts plus any interest and court costs that the court may assess have been paid, and until the foreign entity has otherwise complied with this part 8.

(5)

Notwithstanding subsection (1) of this section, the transaction of business or conducting of activities in this state by a foreign entity without having a statement of foreign entity authority on file in the records of the secretary of state does not impair the validity of the acts of the foreign entity or prevent it from defending any proceeding in this state.

Source: Section 7-90-802 — Consequences of transacting business or conducting activities without authority, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-07.­pdf (accessed Oct. 20, 2023).

7‑90‑101
Short title 7‑90‑102
Definitions 7‑90‑102.5
Relationship between constituent documents and organic statutes 7‑90‑103
Reservation of power to amend or repeal 7‑90‑104
Nonapplication of uniform commercial code to owner’s interest 7‑90‑105
Notice 7‑90‑106
Relation to electronic signatures in global and national commerce act 7‑90‑201
Conversion of an entity 7‑90‑201.3
Plan of conversion 7‑90‑201.4
Approval of plan of conversion 7‑90‑201.7
Statement of conversion - when conversion effective 7‑90‑202
Effect of conversion - entity unchanged 7‑90‑203
Merger of entities 7‑90‑203.1
Exchange of owner’s interest 7‑90‑203.3
Plan of merger - plan of exchange 7‑90‑203.4
Approval of plan of merger or exchange 7‑90‑203.7
Statement of merger - when merger effective 7‑90‑203.8
Statement of owner’s interest exchange 7‑90‑204
Effect of merger 7‑90‑204.3
Effect of an exchange 7‑90‑204.5
Foreign entity resulting from conversion or surviving merger 7‑90‑205.5
Abandonment or amendment of plan of merger, plan of conversion, or plan of exchange 7‑90‑206
Appraisal rights, prohibitions, restrictions, and requirements 7‑90‑301
Filing requirements 7‑90‑301.5
Act of causing document to be delivered for filing 7‑90‑302
Forms and cover sheets - secretary of state to furnish upon request 7‑90‑303
Filing, service, and copying fees - subpoenas 7‑90‑304
Effective time and date of filed document 7‑90‑304.5
Restated constituent filed document 7‑90‑305
Correcting filed document 7‑90‑305.5
Statement of change 7‑90‑306
Filing duty of secretary of state - manner of filing - definition 7‑90‑307
Appeal from secretary of state’s refusal to file document 7‑90‑308
Evidentiary effect of copy of filed document 7‑90‑309
Certificates issued by secretary of state 7‑90‑310
Proof of delivery for filing 7‑90‑313
Remedy for failure or refusal to file - presumptions 7‑90‑314
Fraudulent filings - complaint - review - referral to attorney general - referral to administrative law judge - marking filing as fraudulent - deceptive trade practice 7‑90‑401
Powers 7‑90‑402
Interrogatories by secretary of state 7‑90‑403
Notices by the secretary of state 7‑90‑404
Distribution of information - student loan repayment and loan forgiveness programs 7‑90‑501
Periodic reports 7‑90‑601
Entity name 7‑90‑601.5
Domestic entity name and trade name of dissolved domestic entity 7‑90‑601.6
Entity name of delinquent entity 7‑90‑601.7
Foreign entity name and trade name of withdrawn foreign entity 7‑90‑602
Reserved entity name 7‑90‑603
Assumed entity name of foreign entity 7‑90‑604
Registered true name of a foreign entity 7‑90‑701
Registered agent 7‑90‑702
Change or resignation of registered agent 7‑90‑703
Correction of registered agent 7‑90‑704
Service on entities 7‑90‑705
Change of principal office address 7‑90‑707
Commercial registered agent 7‑90‑708
Termination of commercial registered agent listing 7‑90‑709
Change of commercial registered agent name or address 7‑90‑710
Listing of entities represented by commercial registered agents 7‑90‑801
Authority to transact business or conduct activities required 7‑90‑802
Consequences of transacting business or conducting activities without authority 7‑90‑803
Statement of foreign entity authority to transact business or conduct activities 7‑90‑804
Change of statement of foreign entity authority to transact business or conduct activities 7‑90‑805
Effect of statement of foreign entity authority 7‑90‑806
Withdrawal of foreign entity 7‑90‑807
Service on withdrawn foreign entity 7‑90‑811
Application to existing foreign entities 7‑90‑812
Foreign general partnerships 7‑90‑813
Title 12 limitations 7‑90‑901
Grounds for delinquency 7‑90‑902
Declaration of delinquency 7‑90‑903
Effect of delinquency 7‑90‑904
Cure of delinquency 7‑90‑905
Appeal from declaration of delinquency 7‑90‑906
Limited liability partnerships and limited liability limited partnerships 7‑90‑908
Dissolution of delinquent entity 7‑90‑910
Effect of dissolution under section 7-90-908 7‑90‑911
Disposition of known claims by notification - definitions 7‑90‑912
Disposition of claims by publication 7‑90‑913
Enforcement of claims against a dissolved domestic entity 7‑90‑914
Court proceedings 7‑90‑915
Manager duties 7‑90‑1001
Reinstatement after dissolution 7‑90‑1002
Vote or consent required - effect of opposition 7‑90‑1003
Articles of reinstatement 7‑90‑1004
Entity name upon reinstatement 7‑90‑1005
Effect of reinstatement
Green check means up to date. Up to date

Current through Fall 2024

§ 7-90-802’s source at colorado​.gov