§1413. Activities not constituting transacting business
1.
Activities not constituting transacting business.
Activities of a foreign limited partnership that do not constitute transacting business in this State within the meaning of this subchapter include:
A.
Maintaining, defending and settling an action or proceeding;
[PL 2005, c. 543, Pt. C, §2 (NEW).]
B.
Holding meetings of its partners or carrying on any other activity concerning its internal affairs;
[PL 2005, c. 543, Pt. C, §2 (NEW).]
C.
Maintaining accounts in financial institutions;
[PL 2005, c. 543, Pt. C, §2 (NEW).]
D.
Maintaining offices or agencies for the transfer, exchange and registration of the foreign limited partnership's own securities or maintaining trustees or depositories with respect to those securities;
[PL 2005, c. 543, Pt. C, §2 (NEW).]
E.
Selling through independent contractors;
[PL 2005, c. 543, Pt. C, §2 (NEW).]
F.
Soliciting or obtaining orders, whether by mail or electronic means or through employees or agents or otherwise, if the orders require acceptance outside this State before they become contracts;
[PL 2005, c. 543, Pt. C, §2 (NEW).]
G.
Creating or acquiring indebtedness, mortgages or security interests in real or personal property;
[PL 2005, c. 543, Pt. C, §2 (NEW).]
H.
Securing or collecting debts or enforcing mortgages or other security interests in property securing the debts, and holding, protecting and maintaining property so acquired;
[PL 2005, c. 543, Pt. C, §2 (NEW).]
I.
Conducting an isolated transaction that is completed within 30 days and is not one in the course of similar transactions of a like manner; and
[PL 2005, c. 543, Pt. C, §2 (NEW).]
J.
Transacting business in interstate commerce.
[PL 2005, c. 543, Pt. C, §2 (NEW).]
[PL 2005, c. 543, Pt. C, §2 (NEW).]
2.
Ownership of property.
For purposes of this subchapter, the ownership in this State of income-producing real property or tangible personal property, other than property excluded under subsection 1, constitutes transacting business in this State.
[PL 2005, c. 543, Pt. C, §2 (NEW).]
3.
Service of process, taxation or regulation under other law.
This section does not apply in determining the contacts or activities that may subject a foreign limited partnership to service of process, taxation or regulation under any other law of this State.
[PL 2005, c. 543, Pt. C, §2 (NEW).]
SECTION HISTORY
PL 2005, c. 543, §C2 (NEW).