California · Financial Code
FIN §1890: Whenever the commissioner shall have revoked the license of any such foreign corporation and shall have taken the action to make such revocation effective, all the rights and privileges of the foreign
What this law says, in plain English
When a commissioner revokes a foreign corporation's license and makes it effective, the corporation loses its rights and privileges.
Read the full statutory text
Whenever the commissioner shall have revoked the license of any such foreign corporation and shall have taken the action to make such revocation effective, all the rights and privileges of the foreign corporation to transact business in this state shall forthwith cease and determine.
Verify at the official source: California legislative text
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