N.D. Cent. Code § 10-33-136

Current through 2023 Legislative Sessions
Section 10-33-136 - Foreign corporation - Conduct not constituting conducting activities
1. The following activities of a foreign corporation, among others, do not constitute conducting activity within the meaning of this chapter:
a. Maintaining, defending, or settling any proceeding;
b. Holding meetings of its members or carrying on any other activities concerning its internal affairs;
c. Maintaining bank accounts;
d. Creating or acquiring indebtedness, mortgages, and security interests in real or personal property;
e. Securing or collecting debts or enforcing mortgages and security interests in property securing the debts; or
f. 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.
2. The term "conducting activity" as used in this section has no effect on personal jurisdiction under the North Dakota Rules of Civil Procedure.
3. For purposes of this section, any foreign corporation that owns income-producing real or tangible personal property in this state, other than property exempted under subsection 1, is considered conducting activity in this state.
4. The list of activities in subsection 1 is not exhaustive. This section does not apply in determining the contracts or activities that may subject a foreign corporation to service of process or taxation in this state or to regulation under any other law of this state.

N.D.C.C. § 10-33-136