Current through the 2024 Regular Session
Section 30-21-505 - ACTIVITIES NOT CONSTITUTING DOING BUSINESS(a) Activities of a foreign filing entity or foreign limited liability partnership that do not constitute doing business in this state under this chapter include: (1) Maintaining, defending, mediating, arbitrating, or settling an action or proceeding;(2) Carrying on any activity concerning its internal affairs, including holding meetings of its interest holders or governors;(3) Maintaining accounts in financial institutions;(4) Maintaining offices or agencies for the transfer, exchange and registration of securities of the entity or maintaining trustees or depositories with respect to those securities;(5) Selling through independent contractors;(6) Soliciting or obtaining orders by any means if the orders require acceptance outside this state before they become contracts;(7) Creating or acquiring indebtedness, mortgages or security interests in property;(8) Securing or collecting debts or enforcing mortgages or security interests in property securing the debts, and holding, protecting or maintaining property so acquired;(9) Conducting an isolated transaction that is not in the course of similar transactions;(10) Owning, without more, property; and(11) Doing business in interstate commerce.(b) A person does not do business in this state solely by being an interest holder or governor of a foreign entity that does business in this state.(c) This section does not apply in determining the contacts or activities that may subject a foreign filing entity or foreign limited liability partnership to service of process, taxation or regulation under the law of this state other than this act.[30-21-505, added 2015, ch. 243, sec. 11, p. 777.]Added by 2015 Session Laws, ch. 243,sec. 11, eff. 7/1/2015.