North Dakota Code 45-10.2-86 – (903) Foreign limited partnership – Activities not constituting transacting business
1. Activities of a foreign limited partnership which do not constitute transacting business in this state within the meaning of this chapter include:
Terms Used In North Dakota Code 45-10.2-86
- 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.
- Partnership: includes a limited liability partnership registered under chapter 45-22. See North Dakota Code 1-01-49
- Personal property: All property that is not real property.
- Personal property: includes money, goods, chattels, things in action, and evidences of debt. See North Dakota Code 1-01-49
- Property: includes property, real and personal. See North Dakota Code 1-01-49
- 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: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49
a. Maintaining, defending, and settling an action or proceeding; b. Holding a meeting of its partners or carrying on any other activity concerning its internal affairs; c. Maintaining accounts in financial institutions; d. Maintaining offices or agencies for the transfer, exchange, and registration of the securities of the foreign limited partnership or maintaining trustees or depositories with respect to those securities; e. Selling through independent contractors; 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; g. Creating or acquiring indebtedness, mortgages, or security interests in real or personal property; 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; i. Conducting an isolated transaction that is completed within thirty days and is not one in the course of similar transactions of a like manner; and
j. Transacting business in interstate commerce.
2. For purposes of this section, 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.
3. 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.