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Statutes Text

Article - Corporations and Associations




§7–103.

    In addition to any other activities which may not constitute doing intrastate business in this State, for the purposes of this article, the following activities of a foreign corporation do not constitute doing intrastate business in this State:

        (1)    Maintaining, defending, or settling an action, suit, claim, dispute, or administrative or arbitration proceeding;

        (2)    Holding meetings of its directors or stockholders or carrying on other activities which concern its internal affairs;

        (3)    Maintaining bank accounts;

        (4)    Maintaining offices or agencies for the transfer, exchange, and registration of its securities;

        (5)    Appointing and maintaining trustees or depositaries with respect to its securities;

        (6)    Transacting business exclusively in interstate or foreign commerce; and

        (7)    Conducting an isolated transaction not in the course of a number of similar transactions.



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