1. Activities of a foreign corporation that do not constitute doing business in this state for purposes of this subchapter include all of the following:

 a. Maintaining, defending, mediating, arbitrating, or settling a proceeding.
 b. Carrying on any activity concerning the internal affairs of the foreign corporation, including holding meetings of its shareholders or board of directors.
 c. Maintaining accounts in financial institutions.
 d. Maintaining offices or agencies for the transfer, exchange, and registration of securities of the foreign corporation or maintaining trustees or depositories with respect to those securities.
 e. Selling through independent contractors.
 f. Soliciting or obtaining orders by any means if the orders require acceptance outside this state before they become contracts.
 g. Creating or acquiring indebtedness, mortgages, or security interests in property.
 h. Securing or collecting debts or enforcing mortgages or security interests in property securing the debts, and holding, protecting, or maintaining property so acquired.
 i. Conducting an isolated transaction that is not in the course of similar transactions.
 j. Owning, protecting, and maintaining property.
 k. Doing business in interstate commerce.

Terms Used In Iowa Code 490.1505

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
  • Proceeding: includes a civil suit and criminal, administrative, and investigatory action. See Iowa Code 490.140
  • property: includes personal and real property. See Iowa Code 4.1
  • Service of process: The service of writs or summonses to the appropriate party.
  • state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
 2. This section does not apply in determining the contacts or activities that may subject a foreign corporation to service of process, taxation, or regulation under the laws of this state other than this chapter.
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