[§425-3.5]  Activities not constitutingtransacting business.  (a)  The activities of a foreign general partnershipthat do not constitute transacting business in this State within the meaning ofthis chapter include:

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

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

(3)  Maintaining bank accounts;

(4)  Maintaining offices or agencies for the transfer,exchange, and registration of the foreign partnership's own securities, ormaintaining trustees 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, 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 chapter, theownership in this State of income-producing real property or income-producingtangible personal property, other than property excluded under subsection (a),constitutes transacting business in this State.

(c)  This section shall not apply indetermining the contracts or activities that may subject a foreign generalpartnership to service of process, taxation, or regulation under any other lawof this State. [L 2006, c 235, §1]