Michigan § 450.2055 - Penalty for transacting business without certificate of authority.
Full text of Michigan Michigan Compiled Laws § 450.2055 — Penalty for transacting business without certificate of authority., with citation guidance and answers to common questions.
§ 450.2055. Penalty for transacting business without certificate of authority.
In addition to any other liability imposed by law, a foreign corporation transacting business in this state without a certificate of authority shall forfeit to the state a penalty of not less than $100.00, nor more than $1,000.00, for each calendar month, not more than 5 years prior thereto, in which it has transacted business in this state without a certificate of authority. This penalty shall not exceed $10,000.00. The penalty shall be recovered with costs in an action prosecuted by the attorney general.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 450.2055
What does Michigan Compiled Laws § 450.2055 cover?
Section 450.2055 ("Penalty for transacting business without certificate of authority.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 450.2055?
A common citation format is "Michigan Compiled Laws § 450.2055" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 450.2055 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.