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HomeCorporations CodeCh. 23§ 2316 Foreign Business Qualification Grace Period

§ 2316 Foreign Business Qualification Grace Period

Corporations Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 2316 Foreign Business Qualification Grace Period

If a company from another state was already doing business here before the new law took effect, it must get a qualification certificate within four months, and it won’t be punished if it does so in time.

Key Takeaways

  • •Foreign companies that already did business here must get a qualification certificate.
  • •The certificate must be obtained no later than four months after the law’s effective date.
  • •If they get the certificate within that time, they won’t face any penalty.

Example

A bakery based in a neighboring state started delivering cakes to customers in this state before the new law started.

The bakery has to apply for a qualification certificate from the Secretary of State. As long as it gets the certificate within four months after the law’s start date, it won’t be fined or face any other penalty.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 2316 Foreign Business Qualification Grace Period

A foreign association which has transacted intrastate business in this state prior to the effective date and which is required by Section 2105 of the new law to obtain a certificate of qualification from the Secretary of State shall not be subject to any direct or indirect penalty as a result of failure to obtain such certificate of qualification if the certificate of qualification is obtained no later than four months after the effective date. (Added by Stats. 1975, Ch. 682.)

Last verified: January 10, 2026

Key Terms

foreign associationintrastate businesscertificate of qualificationSecretary of StateSection 2105

Related Statutes

  • § 2318 Corporate Continuance Election Rules
  • § 2107 Foreign Corporation Name Change
  • § 2300 Corporations Code Effective Dates
  • § 2301 Corporate Law Effective Date
  • § 2302 Corporate Articles Amendment Election

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Corporations Code. Section 2316.
View Official Source