Section 10.20.460 - Activities not constituting transacting business in the stateWithout excluding other activities which may not constitute transacting business in the state, a foreign corporation does not transact business in the state by carrying on any of the following activities:
(1) maintaining or defending any action or suit or an administrative or arbitration proceeding, or effecting its settlement or the settlement of claims or disputes;(2) holding meetings of its directors, shareholders, or members or carrying on other activities concerning its internal affairs;(3) maintaining bank accounts;(4) securing or collecting debts, or enforcing rights in property securing debts;(5) transacting business in interstate commerce;(7) distributing information to members;(8) conducting an isolated transaction completed within a period of 30 days not in the course of a number of repeated transactions of like nature.