§ 12:1343 — Transactions not constituting transacting business

Without excluding other activities that may not constitute transacting business in this state, a foreign limited liability company shall not be considered to be transacting business in this state for the purpose of being required to procure a certificate of authority pursuant to this Chapter by conducting any one or more of the following activities:
(1) Maintaining, defending, or settling any proceeding.
(2) Holding meetings of its managers or members or carrying on any other activities concerning its internal affairs.
(3) Maintaining bank accounts.
(4) Maintaining offices or agencies for the transfer, exchange, and registration of the foreign limited liability company's own membership interests, or appointing or maintaining trustees or depositories with respect to those membership interests.
(5) Soliciting or procuring orders, whether by mail or through employees or agents or otherwise, if the orders require acceptance outside this state before they become contracts, including all preliminary incidents thereto.
(6) Creating evidences of debt, mortgages, or liens.
(7) Securing or collecting debts or enforcing any rights in property securing the debts.
(8) Transacting any business in interstate or foreign commerce.
(9) Conducting an isolated transaction completed within thirty days, and not in the course of repeated transactions of like nature.
(10) Acquiring or disposing of property or a property interest, not as a part of any regular business activity.

Legislative History

Acts 1992, No. 780, §2, eff. July 7, 1992.