29-1108

29-1108. Activities not constituting
transacting business

A. Activities of a foreign limited liability partnership that do not constitute
transacting business pursuant to this article include:

1. Maintaining, defending or settling an action or proceeding.

2. Holding meetings of its partners or carrying on any other activity concerning
its internal affairs.

3. Maintaining bank accounts.

4. Maintaining offices or agencies for the transfer, exchange, and registration of
the foreign limited liability partnership's own securities or maintaining trustees or
depositories with respect to those securities.

5. Selling through independent contractors.

6. Soliciting or obtaining orders, whether by mail or through employees or agents
or otherwise, if the orders require acceptance outside this state before they become
contracts.

7. Creating or acquiring indebtedness, mortgages or security interest in real or
personal property.

8. Securing or collecting debts or enforcing mortgages or other security interests
in property securing the debts, and holding, protecting, and maintaining property so
acquired.

9. Conducting an isolated transaction that is completed within thirty days and is
not one in the course of similar transactions of a like manner.

10. Transacting business in interstate commerce.

B. For purposes of this article, the ownership in this state of income producing
real property or tangible personal property, other than property excluded under
subsection A, constitutes transacting business in this state.

C. This section does not apply in determining the contracts or activities that may
subject a foreign limited liability partnership to service of process, taxation, or
regulation under any other law of this state.