Sec. 32.06.924. Activities not constituting transacting business.

248 words·~1 min read·/ak/title-32/chapter-6/32-06-924

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

(a)Activities of a foreign limited liability partnership that do not constitute transacting business under AS 32.06.921 — 32.06.925 include

(1)maintaining, defending, or settling an action or proceeding;

(2)holding meetings of its partners or carrying on another activity concerning its internal affairs;

(3)maintaining bank accounts;

(4)maintaining offices or agencies for the transfer, exchange, and registration of the partnership's own securities or maintaining trustees or depositories for those securities;

(5)selling through independent contractors;

(6)soliciting or obtaining orders, whether by mail or through employees or agents or by another method, if the orders require acceptance outside this state before they become contracts;

(7)creating or acquiring indebtedness, with or without a mortgage, or other security interest in property;

(8)collecting debts or foreclosing mortgages or other security interests in property securing the debts, and holding, protecting, and maintaining property so acquired;

(9)conducting an isolated transaction that is completed within 30 days and is not one transaction in the course of similar transactions; and

(10)transacting business in interstate commerce.

(b)In AS 32.06.921 — 32.06.925, the ownership in this state of income-producing real property or tangible personal property, other than property excluded under

(a)of this section, constitutes transacting business in this state.

(c)This section does not apply in determining the contacts or activities that may subject a foreign limited liability partnership to service of process, taxation, or regulation under another law of this state.