§425-162  Foreign limited liabilitypartnerships; activities not constituting the transaction of business. (a)  Activities of a foreign limited liability partnership that do notconstitute the transaction of business include:

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

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

(3)  Maintaining bank accounts;

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

(5)  Selling through independent contractors;

(6)  Soliciting or obtaining orders, whether by mailor through employees, agents, or otherwise, if the orders require acceptanceoutside this State before they become contracts;

(7)  Creating or acquiring indebtedness, with orwithout a mortgage, or other security interest in property;

(8)  Collecting debts or foreclosing mortgages orother security interests in property securing the debts, and holding,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; and

(10)  Transacting business in interstate commerce.

(b)  The ownership in this State ofincome-producing real property or income-producing tangible personal property,other than property excluded under subsection (a), constitutes the transactionof business in this State.

(c)  This section shall not apply to adetermination of contracts or activities that may subject a foreign limitedliability partnership to service of process, taxation, or regulation under anyother law of this State. [L 2000, c 218, pt of §1; am L 2002, c 130, §90]