Killian v. Trans Union Leasing Corp.

I respectfully dissent.

The principal issue raised by appellant in points of error one through four revolves around the question of whether the foreign corporation, without a permit to do business in Texas, was transacting intrastate or interstate business and creating evidence of debt to qualify under the exceptions to Tex. Bus.Corp.Act Ann. art. 8.01, B(7) and (9) (Vernon 1980). Article 8.01, supra, provides in pertinent part:

No foreign corporation shall have the right to transact business in this State until it shall have procured a certificate of authority to do so from the Secretary of…