Delaware Statutes

§ 3863 — Activities not constituting doing business

Delaware·Title 12·Part Fiduciary Relations·Ch. 38 TREATMENT OF DELAWARE STATUTORY TRUSTS·Subch. Foreign Statutory Trusts
(a)Activities of a foreign statutory trust in the State of Delaware that do not constitute doing business for the purpose of this chapter include:
(1)Maintaining, defending or settling an action or proceeding;
(2)Holding meetings of its beneficial owners or trustees or carrying on any other activity concerning its internal affairs;
(3)Maintaining bank accounts;
(4)Maintaining offices or agencies for the transfer, exchange or registration of the statutory trust’s own securities or maintaining trustees or depositories with respect to those securities;
(5)Selling through independent contractors;
(6)Soliciting or obtaining orders, whether by mail or through employees or agents or otherwise, if the orders require acceptance outside the State of Delaware before they become contracts

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Legislative History

75 Del. Laws, c. 418, § 20

Nearby Sections

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