§ 48-1d-1205. Activities not constituting doing business.  


Latest version.
  • (1) Activities of a foreign limited liability partnership which do not constitute doing business in this state under this part include:
    (a) maintaining, defending, mediating, arbitrating, and settling an action or proceeding;
    (b) carrying on any activity concerning its internal affairs, including meetings of its partners;
    (c) maintaining accounts in financial institutions;
    (d) maintaining offices or agencies for the transfer, exchange, and registration of securities of the foreign limited liability partnership or maintaining trustees or depositories with respect to those securities;
    (e) selling through independent contractors;
    (f) soliciting or obtaining orders by any means if the orders require acceptance outside this state before they become contracts;
    (g) creating or acquiring indebtedness, mortgages, or security interests in property;
    (h) securing or collecting debts or enforcing mortgages or security interests in property securing the debts, and holding, protecting, or maintaining property;
    (i) conducting an isolated transaction that is not in the course of similar transactions;
    (j) owning, without more, property; and
    (k) doing business in interstate commerce.
    (2) A person does not do business in this state solely by being a partner of a foreign limited liability partnership that does business in this state.
    (3) This section does not apply in determining the contacts or activities that may subject a foreign limited liability partnership to service of process, taxation, or regulation under law of this state other than this chapter.
Enacted by Chapter 412, 2013 General Session