[§425E-903]  Activities notconstituting transacting business.  (a)  Activities of a foreignlimited partnership that do not constitute transacting business in this Statewithin the meaning of this article include:

(1)  Maintaining, defending, and settling an action orproceeding;

(2)  Holding meetings of its partners or carrying onany other activity concerning its internal affairs;

(3)  Maintaining accounts in financial institutions;

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

(5)  Selling through independent contractors;

(6)  Soliciting or obtaining orders, whether by mailor electronic means or through employees or agents or otherwise, if the ordersrequire acceptance outside this State before they become contracts;

(7)  Creating or acquiring indebtedness, mortgages, orsecurity interests in real or personal property;

(8)  Securing or collecting debts or enforcingmortgages or other security interests in property securing the debts, andholding, protecting, and maintaining property so acquired;

(9)  Conducting an isolated transaction that iscompleted within thirty days and is not one in the course of similartransactions of a like manner; and

(10)  Transacting business in interstate commerce.

(b)  For purposes of this article, theownership in this State of income-producing real property or tangible personalproperty, other than property excluded under subsection (a), constitutestransacting business in this State.

(c)  This section shall not apply indetermining the [contracts] or activities that may subject a foreign limitedpartnership to service of process, taxation, or regulation under any other lawof this State. [L 2003, c 210, pt of §1]