foreign corporation

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foreign corporation

n. a corporation which is incorporated under the laws of a different state or nation. A "foreign" corporation must file a notice of doing business in any state in which it does substantial regular business. It must name an "agent for acceptance of service" in that state, or the Secretary of State in some jurisdictions will automatically be that agent so people doing business with a foreign corporation will be able bring legal actions locally if necessary. Example: the Whoopee Widget Corporation is incorporated in Delaware. It has a sales office in Arizona, which does not make a guaranteed refund to Jack Jones of Arizona. Jones can sue Whoopee in Arizona and serve the Arizona Secretary of State or Whoopee's designated agent.

References in periodicals archive ?
We acted quickly to correct distortions for the benefit of the entire market while not closing the door to foreign companies looking to be traded on TASE.
para]]TOKYO, July 1, 2015 /PRNewswire/ -- The Tokyo Metropolitan Government (TMG) will hold the "Invest Tokyo Seminar 2015 in London" on July 14 at Ambassadors Bloomsbury Hotel, London, for foreign companies interested in advancing into Japan.
LIC, considered to be India's biggest insurance firm, has said that it is comfortable with foreign companies taking a 49 percent stake in Indian insurance companies.
BAGHDAD / NINA / The economic analyst, Dergham Mohammed Ali said that more than 90 percent of foreign companies, operating in Iraq, will not be affected by military operations.
ASIC today released a consultation paper proposing class order relief and guidance to help foreign companies offer CHESS Depositary Interests (CDIs) over their shares to investors in Australia.
KABUL (Pajhwok): The Afghanistan Investment Support Agency (AISA) on Tuesday said it had set a one-month deadline for 15 foreign companies to pay taxes to the government in line with the law of the land.
Emirati companies topped the list of Arab firms, representing 12 percent of foreign companies that registered in 2013 followed by Egypt and Syria at 5 percent and 3 percent.
Since exploration and production of oil and gas in shale regions began surging around 2007, foreign companies have poured billions into mergers with American energy companies.
BAGHDAD/ Aswat al-Iraq: Iraqi foreign minister Hoshiar Zebari called the United Nations and foreign companies to implement their promises to re-settle the residents of Ashraf Camp.
Summary: Nestle SA says it will cut infant formula prices in China by an average of 11 percent from Monday in response to a probe into alleged price-fixing by several foreign companies.
Summary: TEHRAN (FNA)- The director of Russia's Center for Iran Studies said on Sunday that the massive presence of foreign companies in Tehran's Oil and Gas Show was much more than expected amid international sanctions.
27 ( ANI ): A female representative of Syed Balanoshi Noahtani Sadaat tribe, inhibiting the Chaghi district of Balochistan province, has accused former president General Pervez Musharraf of having played havoc with the province's resources by reaching unilateral agreements with foreign companies.

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