§ 10-33-136 — Foreign corporation - Conduct not constituting conducting activities

North Dakota § 10-33-136

• Jurisdiction: North Dakota
• Title 10: Corporations
• Ch. 10-33: Nonprofit Corporations

Text

1. The following activities of a foreign corporation, among others, do not constitute
conducting activity within the meaning of this chapter:
a. Maintaining, defending, or settling any proceeding;
b. Holding meetings of its members or carrying on any other activities concerning its
internal affairs;
c. Maintaining bank accounts;
d. Creating or acquiring indebtedness, mortgages, and security interests in real or
personal property;
e. Securing or collecting debts or enforcing mortgages and security interests in
property securing the debts; or
f. Conducting an isolated transaction that is completed within thirty days and that is
not one in the course of repeated transactions of a like manner.
2. The term "conducting activity" as used in this section has no effect on personal
jurisdiction under the North Dakota Rules of Civil Procedure.
3. For purposes of this section, any foreign corporation that owns income-producing real
or tangible personal property in this state, other than property exempted under
subsection 1, is considered conducting activity in this state.
4. The list of activities in subsection 1 is not exhaustive. This section does not apply in
determining the contracts or activities that may subject a foreign corporation to service
of process or taxation in this state or to regulation under any other law of this state.