[§425E-903]  Activities not
constituting transacting business.  (a)  Activities of a foreign
limited partnership that do not constitute transacting business in this State
within the meaning of this article include:



(1)  Maintaining, defending, and settling an action or
proceeding;



(2)  Holding meetings of its partners or carrying on
any 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 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 electronic means 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 interests 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; and



(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 shall not apply in
determining the [contracts] or activities that may subject a foreign limited
partnership to service of process, taxation, or regulation under any other law
of this State. [L 2003, c 210, pt of §1]