Maine Revised Statutes Title 31 Sec. 1413 – Activities not constituting transacting business
Current as of: 2023 | Check for updates
|
Other versions
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; [PL 2005, c. 543, Pt. C, §2 (NEW).]
B. Holding meetings of its partners or carrying on any other activity concerning its internal affairs; [PL 2005, c. 543, Pt. C, §2 (NEW).]
C. Maintaining accounts in financial institutions; [PL 2005, c. 543, Pt. C, §2 (NEW).]
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; [PL 2005, c. 543, Pt. C, §2 (NEW).]
E. Selling through independent contractors; [PL 2005, c. 543, Pt. C, §2 (NEW).]
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; [PL 2005, c. 543, Pt. C, §2 (NEW).]
G. Creating or acquiring indebtedness, mortgages or security interests in real or personal property; [PL 2005, c. 543, Pt. C, §2 (NEW).]
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; [PL 2005, c. 543, Pt. C, §2 (NEW).]
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 [PL 2005, c. 543, Pt. C, §2 (NEW).]
J. Transacting business in interstate commerce. [PL 2005, c. 543, Pt. C, §2 (NEW).]
[PL 2005, c. 543, Pt. C, §2 (NEW).]
Terms Used In Maine Revised Statutes Title 31 Sec. 1413
- Foreign limited partnership: means a partnership formed under the laws of a jurisdiction other than this State and required by those laws to have one or more general partners and one or more limited partners. See Maine Revised Statutes Title 31 Sec. 1302
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Personal property: All property that is not real property.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Service of process: The service of writs or summonses to the appropriate party.
- State: means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands or any territory or insular possession subject to the jurisdiction of the United States. See Maine Revised Statutes Title 31 Sec. 1302
- Transfer: includes an assignment, conveyance, deed, bill of sale, lease, mortgage, security interest, encumbrance, gift and transfer by operation of law. See Maine Revised Statutes Title 31 Sec. 1302
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.
[PL 2005, c. 543, Pt. C, §2 (NEW).]
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.
[PL 2005, c. 543, Pt. C, §2 (NEW).]
SECTION HISTORY
PL 2005, c. 543, §C2 (NEW).