State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter21 > 21-157

21-157. Activities not constituting transactingbusiness.(ULLCA803) (a) Activities of a foreign limited liability company which do not constitutetransacting business in this state within the meaning of sections 21-155 to 21-163 include:(1) maintaining, defending,or settling an action or proceeding;(2) carrying on any activity concerning its internalaffairs, including holding meetings of its members or managers;(3) maintaining accountsin financial institutions;(4) maintaining offices or agencies for the transfer,exchange, and registration of the company's own securities or maintainingtrustees or depositories with respect to those securities;(5) selling through independentcontractors;(6)soliciting or obtaining orders, whether by mail or electronic means or throughemployees or agents or otherwise, if the orders require acceptance outsidethis state before they become contracts;(7) creating or acquiring indebtedness, mortgages,or security interests in real or personal property;(8) securing or collecting debtsor enforcing mortgages or other security interests in property securing thedebts and holding, protecting, or maintaining property so acquired;(9) conducting an isolatedtransaction that is completed within thirty days and is not in the courseof similar transactions; and(10) transacting business in interstate commerce.(b) For purposes of sections 21-155 to 21-163, the ownership in this state of income-producing real propertyor tangible personal property, other than property excluded under subsection(a) of this section, constitutes transacting business in this state.(c) This section doesnot apply in determining the contacts or activities that may subject a foreignlimited liability company to service of process, taxation, or regulation underlaw of this state other than the Nebraska Uniform Limited Liability CompanyAct. SourceLaws 2010, LB888, § 57.Operative Date: January 1, 2011