Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS Chapter 351 • Effective - 28 Aug 1990 351.572. Authority to transact business required. — 1. A foreign corporation may not transact business in this state until it obtains a certificate of authority from the secretary of state. 2. The following activities, among others, do not constitute transacting business within the meaning of subsection 1 of this section: (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 depositories with respect to those securities; (5) Creating or acquiring indebtedness, mortgages, and security interests in real or personal property; (6) Securing or collecting debts or enforcing mortgages and security interests in property securing the debts; (7) Conducting an isolated transaction that is completed within thirty days and that is not one in the course of repeated transactions of a like nature; rity interests in property securing the debts; (7) Conducting an isolated transaction that is completed within thirty days and that is not one in the course of repeated transactions of a like nature; (8) Transacting business in interstate commerce. 3. The list of activities in subsection 2 of this section is not exhaustive. -------- (L. 1990 H.B. 1432) CROSS REFERENCE: Foreign registered limited liability partnership not deemed to be transacting business in this state under corporate laws, 347.163
Missouri Legal Code