(a) Activities of a foreign limited liability company which do not constitute doing business in this state under this subchapter include: (1) maintaining, defending, mediating, arbitrating, or settling an action or proceeding;(2) carrying on any activity concerning its internal affairs, including holding meetings of its members or managers;(3) maintaining accounts in financial institutions;(4) maintaining offices or agencies for the transfer, exchange, and registration of securities of the company or maintaining trustees or depositories with respect to those securities;(5) selling through independent contractors;(6) soliciting or obtaining orders by any means if the orders require acceptance outside this state before they become contracts;(7) creating or acquiring indebtedness, mortgages, or security interests in property;(8) securing or collecting debts or enforcing mortgages or security interests in property securing the debts and holding, protecting, or maintaining property;(9) conducting an isolated transaction that is not in the course of similar transactions;(10) owning, without more, property; and(11) doing business in interstate commerce.(b) A person does not do business nducting an isolated transaction that is not in the course of similar transactions;(10) owning, without more, property; and(11) doing business in interstate commerce.(b) A person does not do business in this state solely by being a member or manager of a foreign limited liability company that does business in this state.(c) This section does not apply in determining the contacts or activities that may subject a foreign limited liability company to service of process, taxation, or regulation under law of this state other than this chapter.Added by Act 2021, No. 1041,§ 26, eff. 7/28/2021.
Arkansas Legal Code