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

139 words·~1 min read·/ak/title-10/chapter-20/10-20-460

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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.