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Current as of January 01, 2024 | Updated by Findlaw Staff
1. The following activities of a foreign limited liability partnership, among others, do not constitute transacting business within the meaning of this chapter:
a. Maintaining, defending, or settling any proceeding.
b. Holding meetings of partners or carrying on any other activities concerning internal affairs.
c. Maintaining bank accounts.
d. Maintaining offices or agencies for the transfer, exchange, and registration of the foreign limited liability partnership's own partnership interests or maintaining trustees or depositories with respect to those partnership interests.
e. Selling through independent contractors.
f. Soliciting or obtaining orders, whether by mail or through employees or agents or otherwise, if the orders require acceptance outside this state before the orders become contracts.
g. Creating or acquiring indebtedness, with or without a mortgage, or other security interests in real or personal property.
h. Collecting debts, including foreclosing mortgages and canceling contracts for deed; enforcing other security interests on property; securing debts; accepting deeds or other instruments of title from debtors in lieu of foreclosure; canceling or other enforcement; and holding, protecting, and maintaining property acquired under this subdivision.
i. Selling or transferring title to property in this state to any person.
j. Conducting an isolated transaction that is completed within thirty days and that is not one in the course of repeated transactions of a like manner.
k. Transacting business in interstate commerce.
2. As used in this section, the term “transacting business” has no effect on personal jurisdiction under the North Dakota Rules of Civil Procedure.
3. For purposes of this section, any foreign limited liability partnership that owns income-producing real or tangible personal property in this state, other than property exempted under subsection 1, is considered transacting business in this state.
4. This section does not apply in determining the contracts or activities that may subject a foreign limited liability partnership to service of process or taxation in this state or to regulation under any other law of this state.
Cite this article: FindLaw.com - North Dakota Century Code Title 45. Partnerships § 45-22-21. Foreign limited liability partnership-Transactions by a foreign limited liability partnership not constituting the transaction of business - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-45-partnerships/nd-cent-code-sect-45-22-21/
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 before relying on it for your legal needs.
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