(1) Activities of a foreign limited partnership which do not constitute doing business in this state under this part include: (a) maintaining, defending, mediating, arbitrating, and settling an action or proceeding; (b) carrying on any activity concerning its internal affairs, including holding meetings of its partners; (c) maintaining accounts in financial institutions; (d) maintaining offices or agencies for the transfer, exchange, and registration of 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 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; (i) conducting an isolated transaction that is not in the course of similar transactions; (j) owning, without more, property; and (k) doing business in interstate commerce. (2) A person does not do business in this state solely by being a partner of a foreign limited partnership that does business in this state. 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 law of this state other than this chapter. Repealed 10/1/2026
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