§57C‑7‑02. Authority to transact business required.
(a) A foreign limitedliability company may not transact business in this State until it obtains acertificate of authority from the Secretary of State.
(b) Without excludingother activities that may not constitute transacting business in this State, aforeign limited liability company shall not be considered to be transactingbusiness in this State for the purposes of this Chapter by reason of carryingon in this State any one or more of the following activities:
(1) Maintaining ordefending any action or suit or any administrative or arbitration proceeding,or effecting the settlement thereof or the settlement of claims or disputes;
(2) Holding meetings ofits managers or members or carrying on other activities concerning its internalaffairs;
(3) Maintaining bankaccounts or borrowing money in this State, with or without security, even ifsuch borrowings are repeated and continuous transactions;
(4) Maintaining officesor agencies for the transfer, exchange, and registration of its membershipinterests, or appointing and maintaining trustees or depositories with relationto its membership interests;
(5) Soliciting orprocuring orders, whether by mail or through employees or agents or otherwise,where the orders require acceptance without this State before becoming bindingcontracts;
(6) Making or investingin loans with or without security including servicing of mortgages or deeds oftrust through independent agencies within the State, the conducting of foreclosureproceedings and sales, the acquiring of property at foreclosure sale, and themanagement and rental of such property for a reasonable time while liquidatingits investment, provided no office or agency therefor is maintained in thisState;
(7) Taking security foror collecting debts due to it or enforcing any rights in property securing thesame;
(8) Transacting businessin interstate commerce;
(9) Conducting anisolated transaction completed within a period of six months and not in thecourse of a number of repeated transactions of like nature;
(10) Selling throughindependent contractors; and
(11) Owning, without more,real or personal property.
(c) This section doesnot apply in determining the contacts or activities that may subject a foreignlimited liability company to service of process or taxation in this State or toregulation under any other law of this State. (1993, c. 354, s. 1.)
§57C‑7‑02. Authority to transact business required.
(a) A foreign limitedliability company may not transact business in this State until it obtains acertificate of authority from the Secretary of State.
(b) Without excludingother activities that may not constitute transacting business in this State, aforeign limited liability company shall not be considered to be transactingbusiness in this State for the purposes of this Chapter by reason of carryingon in this State any one or more of the following activities:
(1) Maintaining ordefending any action or suit or any administrative or arbitration proceeding,or effecting the settlement thereof or the settlement of claims or disputes;
(2) Holding meetings ofits managers or members or carrying on other activities concerning its internalaffairs;
(3) Maintaining bankaccounts or borrowing money in this State, with or without security, even ifsuch borrowings are repeated and continuous transactions;
(4) Maintaining officesor agencies for the transfer, exchange, and registration of its membershipinterests, or appointing and maintaining trustees or depositories with relationto its membership interests;
(5) Soliciting orprocuring orders, whether by mail or through employees or agents or otherwise,where the orders require acceptance without this State before becoming bindingcontracts;
(6) Making or investingin loans with or without security including servicing of mortgages or deeds oftrust through independent agencies within the State, the conducting of foreclosureproceedings and sales, the acquiring of property at foreclosure sale, and themanagement and rental of such property for a reasonable time while liquidatingits investment, provided no office or agency therefor is maintained in thisState;
(7) Taking security foror collecting debts due to it or enforcing any rights in property securing thesame;
(8) Transacting businessin interstate commerce;
(9) Conducting anisolated transaction completed within a period of six months and not in thecourse of a number of repeated transactions of like nature;
(10) Selling throughindependent contractors; and
(11) Owning, without more,real or personal property.
(c) This section doesnot apply in determining the contacts or activities that may subject a foreignlimited liability company to service of process or taxation in this State or toregulation under any other law of this State. (1993, c. 354, s. 1.)
§57C‑7‑02. Authority to transact business required.
(a) A foreign limitedliability company may not transact business in this State until it obtains acertificate of authority from the Secretary of State.
(b) Without excludingother activities that may not constitute transacting business in this State, aforeign limited liability company shall not be considered to be transactingbusiness in this State for the purposes of this Chapter by reason of carryingon in this State any one or more of the following activities:
(1) Maintaining ordefending any action or suit or any administrative or arbitration proceeding,or effecting the settlement thereof or the settlement of claims or disputes;
(2) Holding meetings ofits managers or members or carrying on other activities concerning its internalaffairs;
(3) Maintaining bankaccounts or borrowing money in this State, with or without security, even ifsuch borrowings are repeated and continuous transactions;
(4) Maintaining officesor agencies for the transfer, exchange, and registration of its membershipinterests, or appointing and maintaining trustees or depositories with relationto its membership interests;
(5) Soliciting orprocuring orders, whether by mail or through employees or agents or otherwise,where the orders require acceptance without this State before becoming bindingcontracts;
(6) Making or investingin loans with or without security including servicing of mortgages or deeds oftrust through independent agencies within the State, the conducting of foreclosureproceedings and sales, the acquiring of property at foreclosure sale, and themanagement and rental of such property for a reasonable time while liquidatingits investment, provided no office or agency therefor is maintained in thisState;
(7) Taking security foror collecting debts due to it or enforcing any rights in property securing thesame;
(8) Transacting businessin interstate commerce;
(9) Conducting anisolated transaction completed within a period of six months and not in thecourse of a number of repeated transactions of like nature;
(10) Selling throughindependent contractors; and
(11) Owning, without more,real or personal property.
(c) This section doesnot apply in determining the contacts or activities that may subject a foreignlimited liability company to service of process or taxation in this State or toregulation under any other law of this State. (1993, c. 354, s. 1.)
