351.572. Authority to transact business required. - Missouri Statutes

Authority to transact business required.

351.572. 1. A foreign corporation may not transactbusiness in this state until it obtains a certificate ofauthority from the secretary of state.

2. The following activities, among others, do notconstitute transacting business within the meaning of subsection1 of this section:

(1) Maintaining, defending, or settling any proceeding;

(2) Holding meetings of the board of directors orshareholders or carrying on other activities concerning internalcorporate affairs;

(3) Maintaining bank accounts;

(4) Maintaining offices or agencies for the transfer,exchange, and registration of the corporation's own securitiesor maintaining trustees or depositories with respect to thosesecurities;

(5) Creating or acquiring indebtedness, mortgages, andsecurity interests in real or personal property;

(6) Securing or collecting debts or enforcing mortgages andsecurity interests in property securing the debts;

(7) Conducting an isolated transaction that is completedwithin thirty days and that is not one in the course of repeatedtransactions of a like nature;

(8) Transacting business in interstate commerce.

3. The list of activities in subsection 2 of this sectionis not exhaustive.

(L. 1990 H.B. 1432)

CROSS REFERENCE:

Foreign registered limited liability partnership not deemed to be transacting business in this state under corporate laws, RSMo 347.163