Section 1318. Liability of foreign corporations for failure to disclose required information  


Latest version.
  • A foreign corporation doing business in this state shall, in the  same
      manner as a domestic corporation, disclose to its shareholders of record
      who are residents of this state the information required under paragraph
      (c)  of  section  510  (Dividends  or  other  distributions  in  cash or
      property), paragraphs (f) and (g) of section  511  (Share  distributions
      and   changes),  paragraph  (d)  of  section  515  (Reacquired  shares),
      paragraph (c) of section 516 (Reduction of  stated  capital  in  certain
      cases),  and  shall  be liable as provided in section 520 (Liability for
      failure to disclose required information) for failure to comply in  good
      faith with these requirements.