Tennessee Statutes

§ 48-249-902 — Transactions not constituting transacting business

Tennessee·Title 48
(a)General. The following activities of a foreign LLC, among others, do not constitute transacting business within the meaning of this part:
(1)Maintaining, defending or settling any proceeding, claim or dispute;
(2)Holding meetings of its members or representatives, 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 LLC's own securities, or appointing and maintaining trustees or depositories with respect to those securities;
(5)Selling through independent contractors;
(6)Soliciting or obtaining orders, whether by mail or through representatives or otherwise, if the orders require acceptance outside this state before they become contracts;
(7)

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Legislative History

Acts 2005, ch. 286, § 1.

Nearby Sections

15
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