§ 45-10.2-86 — (903) Foreign limited partnership - Activities not constituting transacting business

North Dakota § 45-10.2-86

• Jurisdiction: North Dakota
• Title 45: Partnerships
• Ch. 45-10.2: Uniform Limited Partnership Act

Text

business.
1. Activities of a foreign limited partnership which do not constitute transacting business
in this state within the meaning of this chapter include:
a. Maintaining, defending, and settling an action or proceeding;

b. Holding a meeting of its partners or carrying on any other activity concerning its
internal affairs;
c. Maintaining accounts in financial institutions;
d. Maintaining offices or agencies for the transfer, exchange, and registration of the
securities of the foreign limited partnership or maintaining trustees or depositories
with respect to those securities;
e. Selling through independent contractors;
f. Soliciting or obtaining orders, whether by mail or electronic means or through
employees or agents or otherwise, if the orders require acceptance outside this
state before they become contracts;
g. Creating or acquiring indebtedness, mortgages, or security interests in real or
personal property;
h. Securing or collecting debts or enforcing mortgages or other security interests in
property securing the debts, and holding, protecting, and maintaining property so
acquired;
i. Conducting an isolated transaction that is completed within thirty days and is not
one in the course of similar transactions of a like manner; and
j. Transacting business in interstate commerce.
2. For purposes of this section, the ownership in this state of income-producing real
property or tangible personal property, other than property excluded under
subsection 1, constitutes transacting business in this state.
3. This section does not apply in determining the contacts or activities that may subject a
foreign limited partnership to service of process, taxation, or regulation under any
other law of this state.