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February 01, 2019

Foreign Corporation

Word of the day

Foreign Corporation

Any corporation organized under the laws of another state or country and not organized under a given state’s laws but that conducts a portion of its business in that state. All foreign corporations that do business in a state or attempt to take, hold, demise, sell, or convey real estate there must generally qualify to do business and obtain an annual license to do business in the state.

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