California Corporations Code Section 2316

A foreign association which has transacted intrastatebusiness in this state prior to the effective date and which isrequired by Section 2105 of the new law to obtain a certificate ofqualification from the Secretary of State shall not be subject to anydirect or indirect penalty as a result of failure to obtain suchcertificate of qualification if the certificate of qualification isobtained no later than four months after the effective date.