Sec. 10.50.720. Transactions not constituting conducting affairs.

168 words·~1 min read·/ak/title-10/chapter-50/10-50-720

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

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.

Article 14. Court Actions By and Against Limited Liability Companies.