TITLE 30

CORPORATIONS

CHAPTER 21

IDAHO UNIFORM BUSINESS ORGANIZATIONS CODE

PART 5

FOREIGN ENTITIES

30-21-505.  ACTIVITIES NOT CONSTITUTING DOING BUSINESS. (a) Activities of a foreign filing entity or foreign limited liability partnership that do not constitute doing business in this state under this chapter include:

(1)  Maintaining, defending, mediating, arbitrating, or settling an action or proceeding;

(2)  Carrying on any activity concerning its internal affairs, including holding meetings of its interest holders or governors;

(3)  Maintaining accounts in financial institutions;

(4)  Maintaining offices or agencies for the transfer, exchange and registration of securities of the entity or maintaining trustees or depositories with respect to those securities;

(5)  Selling through independent contractors;

(6)  Soliciting or obtaining orders by any means if the orders require acceptance outside this state before they become contracts;

(7)  Creating or acquiring indebtedness, mortgages or security interests in property;

(8)  Securing or collecting debts or enforcing mortgages or security interests in property securing the debts, and holding, protecting or maintaining property so acquired;

(9)  Conducting an isolated transaction that is not in the course of similar transactions;

(10)  Owning, without more, property; and

(11)  Doing business in interstate commerce.

(b)  A person does not do business in this state solely by being an interest holder or governor of a foreign entity that does business in this state.

(c)  This section does not apply in determining the contacts or activities that may subject a foreign filing entity or foreign limited liability partnership to service of process, taxation or regulation under the law of this state other than this act.

History:

[30-21-505, added 2015, ch. 243, sec. 11, p. 777.]