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Current as of January 01, 2022 | Updated by FindLaw Staff
1. Activities not constituting transacting business. Activities of a foreign limited partnership that do not constitute transacting business in this State within the meaning of this subchapter include:
A. Maintaining, defending and settling an action or proceeding;
B. Holding meetings of its partners or carrying on any other activity concerning its internal affairs;
C. Maintaining accounts in financial institutions;
D. Maintaining offices or agencies for the transfer, exchange and registration of the foreign limited partnership's own securities or maintaining trustees or depositories with respect to those securities;
E. Selling through independent contractors;
F. Soliciting or obtaining orders, whether by mail or electronic means or through employees or agents or otherwise, if the orders require acceptance outside this State before they become contracts;
G. Creating or acquiring indebtedness, mortgages or security interests in real or personal property;
H. Securing or collecting debts or enforcing mortgages or other security interests in property securing the debts, and holding, protecting and maintaining property so acquired;
I. Conducting an isolated transaction that is completed within 30 days and is not one in the course of similar transactions of a like manner; and
J. Transacting business in interstate commerce.
2. Ownership of property. For purposes of this subchapter, the ownership in this State of income-producing real property or tangible personal property, other than property excluded under subsection 1, constitutes transacting business in this State.
3. Service of process, taxation or regulation under other law. This section does not apply in determining the contacts or activities that may subject a foreign limited partnership to service of process, taxation or regulation under any other law of this State.
Cite this article: FindLaw.com - Maine Revised Statutes Title 31. Partnerships and Associations § 1413. Activities not constituting transacting business - last updated January 01, 2022 | https://codes.findlaw.com/me/title-31-partnerships-and-associations/me-rev-st-tit-31-sect-1413/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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