Sec. 13.75. Activities that do not constitute transacting business.
198 words·~1 min read·
/il/chapter-805/act-5/13-75A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 13.75. Activities that do not constitute transacting business. Without excluding other activities that may not constitute doing business in this State, a foreign corporation shall not be considered to be transacting business in this State, for purposes of this Article 13, 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 board of directors or shareholders or carrying on other
activities concerning internal corporate affairs;
(3)maintaining bank accounts;
(4)maintaining offices or agencies for the transfer, exchange, and registration of the
corporation'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)(blank);
(8)(blank);
(9)owning, without more, real or personal property;
(10)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
(11)having a corporate officer or director who is a resident of this State.