Sec. 1104. Activities not constituting transacting business.

228 words·~1 min read·/il/chapter-805/act-206/1104

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

(a)Without excluding other activities that may not constitute transacting business in this State, a foreign partnership or registered limited liability partnership shall not be considered to be transacting business in this State, for purposes of this Article 9, by reason of carrying on in this State any one or more of the following activities:

(1)maintaining, defending, or settling any proceeding;

(2)holding meetings of the partners or carrying on other activities concerning internal

partnership affairs;

(3)maintaining bank accounts;

(4)maintaining offices or agencies for the transfer, exchange, and registration of the

limited liability partnership's own securities or maintaining trustees or depositaries with respect to those securities;

(5)selling through independent contractors;

(6)soliciting or obtaining orders, whether by mail or through employees or agents or

otherwise, if orders require acceptance outside this State before they become contracts;

(7)owning, without more, real or personal property;

(8)conducting an isolated transaction that is completed within 120 days and that is not

one in the course of repeated transactions of a like nature; or

(9)having a partner who is a resident of this State.

(b)This Section has no application to the question of whether any partnership or registered limited liability partnership is subject to service of process and suit in this State under any law of this State.