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New York Consolidated Laws, Limited Liability Company Law - LLC § 803. Activities not constituting doing business

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Without excluding other activities that may not constitute doing business in this state, a foreign limited liability company shall not be considered to be doing business in this state for the purposes of this chapter, by reason of carrying on in this state any one or more of the following activities:

(1) maintaining or defending any action or proceeding, whether judicial, administrative, arbitrative or otherwise or effecting settlement thereof or the settlement of claims or disputes;

(2) holding meetings of its members or managers;

(3) maintaining bank accounts;  or

(4) maintaining offices or agencies only for the transfer, exchange and registration of its membership interests or appointing and maintaining depositaries with relation to its membership interests.

(b) The specification in subdivision (a) of this section does not establish a standard of activities that may subject a foreign limited liability company to service of process under this chapter or any other statute of this state.

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Cite this article: FindLaw.com - New York Consolidated Laws, Limited Liability Company Law - LLC § 803. Activities not constituting doing business - last updated January 01, 2024 | https://codes.findlaw.com/ny/limited-liability-company-law/llc-sect-803/

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