§425E-903 - Activities not constituting transacting business. - Hawaii Statutes

     [§425E-903]  Activities not constituting transacting business.  (a)  Activities of a foreign limited partnership that do not constitute transacting business in this State within the meaning of this article include:

     (1)  Maintaining, defending, and settling an action or proceeding;

     (2)  Holding meetings of its partners or carrying on any other activity concerning its internal affairs;

     (3)  Maintaining accounts in financial institutions;

     (4)  Maintaining offices or agencies for the transfer, exchange, and registration of the foreign limited partnership's own securities or maintaining trustees or depositories with respect to those securities;

     (5)  Selling through independent contractors;

     (6)  Soliciting or obtaining orders, whether by mail or electronic means 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, or security interests in real or personal property;

     (8)  Securing or collecting debts or enforcing mortgages or other security interests in property securing the debts, and holding, protecting, and maintaining property so acquired;

     (9)  Conducting an isolated transaction that is completed within thirty days and is not one in the course of similar transactions of a like manner; and

    (10)  Transacting business in interstate commerce.

     (b)  For purposes of this article, the ownership in this State of income-producing real property or tangible personal property, other than property excluded under subsection (a), constitutes transacting business in this State.

     (c)  This section shall not apply in determining the [contracts] or activities that may subject a foreign limited partnership to service of process, taxation, or regulation under any other law of this State. [L 2003, c 210, pt of §1]