AI-assisted research summary: This section lists activities by a foreign limited liability company or foreign series that do not count as doing business in the state.
29-3905 - Activities not constituting doing business 29-3905. Activities not constituting doing business A. Activities of a foreign limited liability company or foreign series that do not constitute doing business in this state under this article include any of the following: 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 members or managers. 3. Maintaining accounts in financial institutions. 4. Maintaining offices or agencies for the transfer, exchange and registration of securities of the foreign company or foreign series 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. 9. Conducting an isolated transaction that is not in the course of similar transactions. 10. Owning, without more, property. 11. Doing business in interstate commerce. B. A person does not do business in this state solely by being a member or manager of a foreign limited liability company or foreign series or by being a designating foreign company of a foreign series that does business in this state. C. This section does not apply in determining the contacts or activities that may subject a foreign limited liability company or foreign series to service of process, taxation or regulation under the laws of this state other than this chapter.