Illinois Code § 805 ILCS 5/13.75

Activities that do not constitute transacting business.
Open in Lexace · Ask the AI about this section
Without excluding other activities that may not constitute doing business in
this State, a foreign corporation shall not be considered to be transacting
business in this State, for purposes of this Article 13, by reason of carrying
on in this State any one or more of the following activities:

 
 
(1) maintaining, defending, or settling any 
 
proceeding;

 
 
(2) holding meetings of the board of directors or 
 
shareholders or carrying on other activities concerning internal corporate affairs;

 
 
(3) maintaining bank accounts;

 
 
(4) maintaining offices or agencies for the transfer, 
 
exchange, and registration of the corporation's own securities or maintaining trustees or depositaries with respect to those securities;

 
 
(5) selling through independent contractors;

 
 
(6) soliciting or obtaining orders, whether by mail 
 
or through employees or agents or otherwise, if orders require acceptance outside this State before they become contracts;

 
 
(7) (blank);

 
 
(8) (blank);

 
 
(9) owning, without more, real or personal property;

 
 
(10) conducting an isolated transaction that is 
 
completed within 120 days and that is not one in the course of repeated transactions of a like nature; or

 
 
(11) having a corporate officer or director who is a 
 
resident of this State.

proceeding;
shareholders or carrying on other activities concerning internal corporate affairs;
exchange, and registration of the corporation's own securities or maintaining trustees or depositaries with respect to those securities;
or through employees or agents or otherwise, if orders require acceptance outside this State before they become contracts;
completed within 120 days and that is not one in the course of repeated transactions of a like nature; or
resident of this State.
(805 ILCS 5/Art. 14 heading)
 
ARTICLE 14. 
 

REPORTS

‹ Prev All Illinois sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.