Building, Loan & Savings Ass'n v. Neal

Citations

• 15 Pa. Super. 400
• 1900 Pa. Super. LEXIS 365

Syllabus

<p>Foreign corporation — Doing business — Statutes—Provision of act of 1874 imperative and prohibitory.</p> <p>A foreign building association falls within the inhibition of the Act of April 22, 1874, P. L. 108, where, having complied with the provisions of the act, so far as filing a statement in the office of the secretary of the commonwealth is concerned, it did not comply with the statute by preserving the certificate of the secretary of the commonwealth in its office or offices for public inspection. The clauses of the act of 1874 are mandatory and prohibitory; they indelibly stamp as unlawful any business transaction within the state by a foreign corporation which has not complied with them. Lasher v. Stimson, 145 Pa. 80, followed.</p>