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§ 10-909. Activities considered doing business

West's Annotated Code of MarylandCorporations and Associations

West's Annotated Code of Maryland
Corporations and Associations
Title 10. Limited Partnership Act (Refs & Annos)
Subtitle 9. Foreign Limited Partnerships
MD Code, Corporations and Associations, § 10-909
§ 10-909. Activities considered doing business
Currentness
Actions not constituting business
(a) In addition to any other activities which may not constitute doing business in this State, for the purposes of this article, the following activities of a foreign limited partnership do not constitute doing business in this State:
(1) Maintaining, defending, or settling an action, suit, claim, dispute, or administrative or arbitration proceeding;
(2) Holding meetings of its partners or carrying on other activities which concern its internal affairs;
(3) Maintaining bank accounts;
(4) Conducting an isolated transaction not in the course of a number of similar transactions;
(5) Foreclosing mortgages and deeds of trust on property in this State;
(6) As a result of default under a mortgage or deed of trust, acquiring title to property in this State by foreclosure, deed in lieu of foreclosure, or otherwise;
(7) Holding, protecting, renting, maintaining, and operating property in this State so acquired; and
(8) Selling or transferring the title to property in this State so acquired to any person, including the Federal Housing Administration or the Veterans Administration.
Income-producing property
(b) In addition to any other activities which may constitute doing business in this State, for the purposes of this article any foreign limited partnership which owns income-producing real or tangible personal property in this State, other than property exempted by subsection (a) of this section, will be considered to be doing business in this State.

Credits

Added by Acts 1981, c. 801, § 2.
MD Code, Corporations and Associations, § 10-909, MD CORP & ASSNS § 10-909
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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