Section 10.50.720. Transactions not constituting conducting affairs.

The activities of a foreign limited liability company that are not considered to be conducting affairs in this state for the purposes of AS 10.50.600 - 10.50.720 include
        (1) maintaining, defending, or settling a court action or other proceeding or a claim;
        (2) holding meetings of the members or managers of the company;
        (3) maintaining bank accounts;
        (4) selling through independent contractors;
        (5) soliciting or procuring orders by mail, through employees, agents, or otherwise, if the orders require acceptance outside the state before becoming binding contracts;
        (6) creating as borrower or lender, or acquiring, indebtedness or mortgages or other security interests in real or personal property;
        (7) securing or collecting debts, or enforcing rights in property securing debts;
        (8) conducting an isolated transaction that is completed within 30 days and that is not part of a course of repeated transactions of a similar nature; or
        (9) conducting affairs in interstate commerce.

Notes

History

(Sec. 1 ch 99 SLA 1994)