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§ 4A-1009. Doing business, defined

West's Annotated Code of MarylandCorporations and AssociationsEffective: April 12, 2022

West's Annotated Code of Maryland
Corporations and Associations
Title 4a. Limited Liability Company Act (Refs & Annos)
Subtitle 10. Foreign Limited Liability Companies
Effective: April 12, 2022
MD Code, Corporations and Associations, § 4A-1009
§ 4A-1009. Doing business, defined
Currentness
Activities not constituting business
(a) In addition to any other activities which may not constitute doing business in this State, for the purposes of this title, the following activities of a foreign limited liability company 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 members or agents or carrying on other activities that 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; or
(8) Selling or transferring title to property in this State so acquired to any person, including the Federal Housing Administration or the U.S. Department of Veterans Affairs.
Income producing property
(b) In addition to any other activities which may constitute doing business in this State, for the purposes of this title any foreign limited liability company which owns income producing real or tangible personal property in this State, other than property exempted by subsection (a) of this section, shall be considered to be doing business in this State.

Credits

Added by Acts 1992, c. 536. Amended by Acts 2022, c. 135, § 1, eff. April 12, 2022.
MD Code, Corporations and Associations, § 4A-1009, MD CORP & ASSNS § 4A-1009
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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