Opinion ID: 1704286
Heading Depth: 2
Heading Rank: 1

Heading: Foreign Corporation

Text: We earlier rejected Ziebarth's argument that the Bank was not entitled to maintain an action in state court because it was a foreign corporation required to register with the Secretary of State under NDCC 10-22-19. Farm Credit Bank of St. Paul v. Ziebarth, 485 N.W.2d at 792. We have consistently rejected that argument in a series of challenges to the Bank's authority to sue in courts of this State. See, e.g., Farm Credit Bank of St. Paul v. Brakke, 483 N.W.2d 167, 169 (N.D.1992); Farm Credit Bank of St. Paul v. Rub, 481 N.W.2d 451, 457-458 (N.D.1992); Federal Land Bank of St. Paul v. Brakke, 447 N.W.2d 329, 330 (N.D.1989); Federal Land Bank of Saint Paul v. Anderson, 401 N.W.2d 709, 713 (N.D.1987); Federal Land Bank of Saint Paul v. Gefroh, 390 N.W.2d 46, 47 (N.D.1986). Furthermore, NDCC 10-22-03(2) exempts corporations engaged in banking or insurance from the registration requirements of NDCC 10-22-19. See Rott v. Jaeger, 510 N.W.2d 651, 653-654 (N.D.1994). The Bank was not required to register as a foreign corporation as a prerequisite to bringing the foreclosure action.