Title 13-C: MAINE BUSINESS CORPORATION ACT HEADING: PL 2001, C. 640, PT. A, §2 (NEW); PT. B, §7 (AFF)
Chapter 15: FOREIGN CORPORATIONS HEADING: PL 2001, C. 640, PT. A, §2 (NEW); PT. B, §7 (AFF)
Subchapter 1: AUTHORIZATION OF FOREIGN CORPORATION TO TRANSACT BUSINESS IN THIS STATE HEADING: PL 2001, C. 640, PT. A, §2 (NEW); PT. B,
§7 (AFF)
§1501. Authority to transact business required
1.Application for authority.
A foreign corporation may not transact business in this State until the foreign corporation files an application for authority
to transact business with the Secretary of State.
[
2003, c. 344, Pt. B, §117 (AMD)
.]
2.Transacting business.
Activities that do not constitute transacting business within the meaning of subsection 1 include but are not limited to:
A. Maintaining, defending or settling any proceeding; [2001, c. 640, Pt. A, §2 (NEW); 2001, c. 640, Pt. B, §7 (AFF).]
B. Holding meetings of the board of directors or shareholders or carrying on other activities concerning internal corporate
affairs; [2001, c. 640, Pt. A, §2 (NEW); 2001, c. 640, Pt. B, §7 (AFF).]
C. Maintaining bank accounts; [2001, c. 640, Pt. A, §2 (NEW); 2001, c. 640, Pt. B, §7 (AFF).]
D. 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; [2001, c. 640, Pt. A, §2 (NEW); 2001, c. 640, Pt. B, §7 (AFF).]
E. Selling through independent contractors; [2001, c. 640, Pt. A, §2 (NEW); 2001, c. 640, Pt. B, §7 (AFF).]
F. 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; [2001, c. 640, Pt. A, §2 (NEW); 2001, c. 640, Pt. B, §7 (AFF).]
G. Creating or acquiring indebtedness, mortgages and security interests in real or personal property; [2001, c. 640, Pt. A, §2 (NEW); 2001, c. 640, Pt. B, §7 (AFF).]
H. Securing or collecting debts or enforcing mortgages and security interests in property securing the debts; [2001, c. 640, Pt. A, §2 (NEW); 2001, c. 640, Pt. B, §7 (AFF).]
I. Owning, without more, real or personal property other than agricultural real estate; [2001, c. 640, Pt. A, §2 (NEW); 2001, c. 640, Pt. B, §7 (AFF).]
J. Conducting an isolated transaction that is completed within 30 days and that is not one in the course of repeated transactions
of a like nature; [2001, c. 640, Pt. A, §2 (NEW); 2001, c. 640, Pt. B, §7 (AFF).]
K. Transacting business in interstate commerce; [2001, c. 640, Pt. A, §2 (NEW); 2001, c. 640, Pt. B, §7 (AFF).]
L. Engaging as a trustee in those actions defined by Title 18-A, section 7-105 as not in themselves requiring local qualification
of a foreign corporate trustee; or [2001, c. 640, Pt. A, §2 (NEW); 2001, c. 640, Pt. B, §7 (AFF).]
M. Owning and controlling a subsidiary corporation incorporated in or transacting business within this State. [2001, c. 640, Pt. A, §2 (NEW); 2001, c. 640, Pt. B, §7 (AFF).]
[
2001, c. 640, Pt. A, §2 (NEW);
2001, c. 640, Pt. B, §7 (AFF)
.]
SECTION HISTORY
2001, c. 640, §A2 (NEW).
2001, c. 640, §B7 (AFF).
2003, c. 344, §B117 (AMD).
Data for this page extracted on 10/16/2012 08:26:51.