§ 489.905 — Activities not constituting doing business in this state

Iowa § 489.905

• Jurisdiction: Iowa
• Title XII: BUSINESS ENTITIES
• Ch. 489: UNIFORM LIMITED LIABILITY COMPANY ACT

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1. Activities of a foreign limited liability company that do not constitute doing business in
this state for purposes of this subchapter include all of the following:
a. Maintaining, defending, mediating, arbitrating, or settling a proceeding.
b. Carrying on any activity concerning the internal affairs of the foreign limited liability
company, including holding meetings of its members or managers.
c. Maintaining accounts in financial institutions.
d. Maintainingofficesoragenciesforthetransfer, exchange, andregistrationofsecurities
of the foreign limited liability company 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 other security interests in
property securing the debts and holding, protecting, or maintaining property so acquired.
i. Conducting an isolated transaction that is not in the course of similar transactions.
j. Owning, protecting, and maintaining property.
k. Doing business in interstate commerce.
2. This section does not apply in determining the contacts or activities that may subject a
foreign limited liability company to service of process, taxation, or regulation under the laws
of this state other than this chapter.