355.751. Foreign corporation, certificate of authority--transportation of business. - Missouri Statutes

Foreign corporation, certificate of authority--transportation ofbusiness.

355.751. 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 or members orcarrying on other activities concerning internal corporateaffairs;

(3) Maintaining bank accounts;

(4) Maintaining offices or agencies for the transfer,exchange, and registration of memberships or securities ormaintaining trustees or depositaries with respect to thosesecurities;

(5) Selling through independent contractors;

(6) Soliciting or obtaining orders, whether by mail orthrough employees or agents or otherwise, if the orders requireacceptance outside this state before they become contracts;

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

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

(9) Owning real or personal property;

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

(11) Transacting business in interstate commerce.

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

(L. 1994 H.B. 1095)

Effective 7-1-95