State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_59 > GS_59-93

§59‑93.  Activities not constituting transacting business.

(a)        Without excludingother activities that may not constitute transacting business in this State, aforeign limited liability partnership shall not be considered to be transactingbusiness in this State for the purposes of this Article 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 oreffecting the settlement thereof or the settlement of claims or disputes;

(2)        Holding meetings ofits partners or carrying on other activities concerning its internal affairs;

(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 the partnership'sown securities, or appointing and maintaining trustees or depositories withrelation to those securities;

(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 offoreclosure proceedings and sales, the acquiring of property at foreclosuresale, and the management and rental of such property for a reasonable time whileliquidating its investment, provided no office or agency therefor is maintainedin this State;

(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.

(b)        This section doesnot apply in determining the contacts or activities that may subject a foreignlimited liability partnership to service of process, taxation, or regulationunder any other law of this State. (1999‑362, s. 10.)