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HomeInsurance CodeDiv. 1Pt. 2Ch. 1Art. 8§ 850 Foreign Corporation Filing Requirements

§ 850 Foreign Corporation Filing Requirements

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

§ 850 Foreign Corporation Filing Requirements

This law says that if a company from another country wants to do business here, they have to show some papers to prove they are real and follow the rules.

Key Takeaways

  • •Foreign companies must show their business papers to work here.
  • •They must promise to accept legal papers if they do something wrong.
  • •This makes sure they follow the rules like local companies.

Example

A toy company from another country wants to sell toys in this state.

The toy company must give copies of their business papers and promise that if they do something wrong, like lie about their toys, they will accept legal papers here.

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

Official Source
View on CA.gov

§ 850 Foreign Corporation Filing Requirements

If the applicant is a foreign corporation or association, it shall file with its application: (a) A copy of its articles of incorporation or association. (b) A certificate of the proper officer of the jurisdiction in which it is organized, executed not more than thirty days before the filing of such application, showing that the applicant is authorized to transact business in that jurisdiction. (c) In such form as the commissioner prescribes, its written instrument irrevocably appointing the commissioner and his successor in office its true and lawful attorney upon whom all process in any action or proceeding against it, arising out of or founded upon the fraud of such applicant in the sale of securities within this State, or in any action upon any bond provided by this article, can be served. Such service shall have the same effect as if the applicant was a domestic corporation or association lawfully served with process in this State. (Enacted by Stats. 1935, Ch. 145.)

Last verified: January 11, 2026

Key Terms

corporationcommissionfraudsecuritiesapplicationassociationjurisdictionformation

Related Statutes

  • § 837 Foreign Corporation Application Requirements
  • § 851 Securities Application Review
  • § 839 Commissioner Permit Issuance Criteria
  • § 845 Insurer Security Sales Permits
  • § 846 Applicant Certification Requirements

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Insurance Code. Section 850.
View Official Source