§ 1301. Authorization of foreign corporations.\n (a) A foreign corporation shall not conduct activities in this state\nuntil it has been authorized to do so as provided in this article. A\nforeign corporation may be authorized to conduct in this state any\nactivities which may be conducted lawfully in this state by a domestic\ncorporation, to the extent that it is authorized to conduct such\nactivities in the jurisdiction of its incorporation, but no other\nactivities.\n (b) Without excluding other acts which may not constitute conducting\nactivities in this state, a foreign corporation shall not be considered\nto be conducting activities in this state, for the purposes of this\nchapter, by reason of doing in this state any one or more of the\nfollowing acts:\n (1) Maintaining or de
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§ 1301. Authorization of foreign corporations.\n (a) A foreign corporation shall not conduct activities in this state\nuntil it has been authorized to do so as provided in this article. A\nforeign corporation may be authorized to conduct in this state any\nactivities which may be conducted lawfully in this state by a domestic\ncorporation, to the extent that it is authorized to conduct such\nactivities in the jurisdiction of its incorporation, but no other\nactivities.\n (b) Without excluding other acts which may not constitute conducting\nactivities in this state, a foreign corporation shall not be considered\nto be conducting activities in this state, for the purposes of this\nchapter, by reason of doing in this state any one or more of the\nfollowing acts:\n (1) Maintaining or defending any action or proceeding, whether\njudicial, administrative, arbitrative or otherwise, or effecting\nsettlement thereof or the settlement of claims or disputes.\n (2) Holding meetings of its directors or its members.\n (3) Maintaining bank accounts.\n (4) Maintaining offices or agencies only for the transfer, exchange\nand registration of its securities, or appointing and maintaining\ntrustees or depositaries with relation to its securities.\n (5) Granting funds.\n (6) Distributing information to its members.\n (c) The specification in paragraph (b) does not establish a standard\nfor activities which may subject a foreign corporation to service of\nprocess under this chapter or any other statute of this state.\n (d) A foreign corporation whose corporate name is not acceptable for\nauthorization pursuant to sections 301 and 302 of this chapter, may\nsubmit in its application for authority pursuant to section thirteen\nhundred four of this chapter, a fictitious name under which it shall do\nbusiness in this state. A fictitious name submitted pursuant to this\nsection shall be subject to the provisions of subparagraphs 2 through 9\nof paragraph (a) of section 301 and section 302 of this chapter. A\nforeign corporation authorized to conduct activities in this state under\na fictitious name pursuant to this section, shall use such fictitious\nname in all of its dealings with the secretary of state and in the\nconduct of its activities in this state. The provisions of section one\nhundred thirty of the general business law shall not apply to any\nfictitious name filed by a foreign corporation pursuant to this section.\n