§ 13.1-919. Authority to transact business required.
A. A foreign corporation may not transact business in the Commonwealth untilit obtains a certificate of authority from the Commission.
B. The following activities, among others, do not constitute transactingbusiness within the meaning of subsection A:
1. Maintaining, defending, or settling any proceeding;
2. Holding meetings of the board of directors or members or carrying on otheractivities concerning internal corporate affairs;
3. Maintaining bank accounts;
4. Selling through independent contractors;
5. Soliciting or obtaining orders, whether by mail or through employees oragents or otherwise, if the orders require acceptance outside theCommonwealth before they become contracts;
6. Creating or acquiring indebtedness, deeds of trust, and security interestsin real or personal property;
7. Securing or collecting debts or enforcing deeds of trust and securityinterests in property securing the debts;
8. Owning, without more, real or personal property;
9. Conducting an isolated transaction that is completed within 30 days andthat is not one in the course of repeated transactions of a like nature;
10. For a period of less than 90 consecutive days, producing, directing,filming, crewing or acting in motion picture feature films, television seriesor commercials, or promotional films which are sent outside of theCommonwealth for processing, editing, marketing and distribution; or
11. Serving, without more, as a general partner of or as a partner in apartnership that is a general partner of a domestic or foreign limitedpartnership that does not otherwise transact business in the Commonwealth.
C. The list of activities in subsection B is not exhaustive.
(Code 1950, §§ 13.1-265 to 13.1-265.2; 1956, c. 428; 1962, c. 239; 1980, c.630; 1985, c. 522; 2007, c. 925.)
§ 13.1-919. Authority to transact business required.
A. A foreign corporation may not transact business in the Commonwealth untilit obtains a certificate of authority from the Commission.
B. The following activities, among others, do not constitute transactingbusiness within the meaning of subsection A:
1. Maintaining, defending, or settling any proceeding;
2. Holding meetings of the board of directors or members or carrying on otheractivities concerning internal corporate affairs;
3. Maintaining bank accounts;
4. Selling through independent contractors;
5. Soliciting or obtaining orders, whether by mail or through employees oragents or otherwise, if the orders require acceptance outside theCommonwealth before they become contracts;
6. Creating or acquiring indebtedness, deeds of trust, and security interestsin real or personal property;
7. Securing or collecting debts or enforcing deeds of trust and securityinterests in property securing the debts;
8. Owning, without more, real or personal property;
9. Conducting an isolated transaction that is completed within 30 days andthat is not one in the course of repeated transactions of a like nature;
10. For a period of less than 90 consecutive days, producing, directing,filming, crewing or acting in motion picture feature films, television seriesor commercials, or promotional films which are sent outside of theCommonwealth for processing, editing, marketing and distribution; or
11. Serving, without more, as a general partner of or as a partner in apartnership that is a general partner of a domestic or foreign limitedpartnership that does not otherwise transact business in the Commonwealth.
C. The list of activities in subsection B is not exhaustive.
(Code 1950, §§ 13.1-265 to 13.1-265.2; 1956, c. 428; 1962, c. 239; 1980, c.630; 1985, c. 522; 2007, c. 925.)
§ 13.1-919. Authority to transact business required.
A. A foreign corporation may not transact business in the Commonwealth untilit obtains a certificate of authority from the Commission.
B. The following activities, among others, do not constitute transactingbusiness within the meaning of subsection A:
1. Maintaining, defending, or settling any proceeding;
2. Holding meetings of the board of directors or members or carrying on otheractivities concerning internal corporate affairs;
3. Maintaining bank accounts;
4. Selling through independent contractors;
5. Soliciting or obtaining orders, whether by mail or through employees oragents or otherwise, if the orders require acceptance outside theCommonwealth before they become contracts;
6. Creating or acquiring indebtedness, deeds of trust, and security interestsin real or personal property;
7. Securing or collecting debts or enforcing deeds of trust and securityinterests in property securing the debts;
8. Owning, without more, real or personal property;
9. Conducting an isolated transaction that is completed within 30 days andthat is not one in the course of repeated transactions of a like nature;
10. For a period of less than 90 consecutive days, producing, directing,filming, crewing or acting in motion picture feature films, television seriesor commercials, or promotional films which are sent outside of theCommonwealth for processing, editing, marketing and distribution; or
11. Serving, without more, as a general partner of or as a partner in apartnership that is a general partner of a domestic or foreign limitedpartnership that does not otherwise transact business in the Commonwealth.
C. The list of activities in subsection B is not exhaustive.
(Code 1950, §§ 13.1-265 to 13.1-265.2; 1956, c. 428; 1962, c. 239; 1980, c.630; 1985, c. 522; 2007, c. 925.)
