Section 10.20.460. Activities not constituting transacting business in the state.

Without excluding other activities which may not constitute transacting business in the state, a foreign corporation does not transact business in the state by carrying on any of the following activities:
        (1) maintaining or defending any action or suit or an administrative or arbitration proceeding, or effecting its settlement or the settlement of claims or disputes;
        (2) holding meetings of its directors, shareholders, or members or carrying on other activities concerning its internal affairs;
        (3) maintaining bank accounts;
        (4) securing or collecting debts, or enforcing rights in property securing debts;
        (5) transacting business in interstate commerce;
        (6) granting funds;
        (7) distributing information to members;
        (8) conducting an isolated transaction completed within a period of 30 days not in the course of a number of repeated transactions of like nature.

Notes

History

(Sec. 1 ch 99 SLA 1968; am Sec. 17 ch 35 SLA 2003)