Current with changes from the 2023 Legislative Session
Section 355.751 - Foreign corporation, certificate of authority - transportation of business1. 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 members 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 memberships or securities or maintaining trustees or depositaries with respect to those securities;(5) Selling through independent contractors;(6) Soliciting or obtaining orders, whether by mail or through employees or agents or otherwise, if the orders require acceptance outside this state before they become contracts;(7) Creating or acquiring indebtedness, mortgages, and security interests in real or personal property;(8) Securing or collecting debts or enforcing mortgages and security interests in property securing the debts;(9) Owning real or personal property;(10) 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;(11) Transacting business in interstate commerce.3. The list of activities in subsection 2 of this section is not exhaustive.L. 1994 H.B. 1095
Effective 7/1/1995