- foreign corporation
- Domestic and foreign corporations.With reference to the laws and the courts of any given state, a "domestic" corporation is one created by, or organized under, the laws of that state; a "foreign" corporation is one created by or under the laws of another state, government, or country.See also+ domestic corporationWhen a corporation is organized and chartered in a particular state, it is considered a domestic corporation of that state. Term is used in contrast to foreign corporation which has been incorporated in another state, territory or country.For tax purposes, a corporation created or organized in the U.S. or under the law of the U.S. or any state or territory. I.R.C. No. 7701(a)(4)Compare foreign corporation+ foreign corporationA corporation doing business in one state though chartered or incorporated in another state is a foreign corporation as to the first state, and, as such, is required to consent to certain conditions and restrictions in order to do business in such first state. Rev. Model Bus. Corp. Act No. 1.40.Under federal tax laws, a foreign corporation is one which is not organized under the laws of one of the states or territories of the United States. I.R.C. No. 7701(a)(5).Service of process on foreign corporations is governed by Fed.R.Civil P. 4.See also corporation
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.