Maine § 1413. - Activities not constituting transacting business
Full text of Maine Maine Revised Statutes § 1413. — Activities not constituting transacting business, with citation guidance and answers to common questions.
§ 1413.. Activities not constituting transacting business
1. Activities not constituting transacting business. Activities of a foreign limited partnership that do not constitute transacting business in this State within the meaning of this subchapter include:
A. Maintaining, defending and settling an action or proceeding; [PL 2005, c. 543, Pt. C, §2 (NEW).]
B. Holding meetings of its partners or carrying on any other activity concerning its internal affairs; [PL 2005, c. 543, Pt. C, §2 (NEW).]
C. Maintaining accounts in financial institutions; [PL 2005, c. 543, Pt. C, §2 (NEW).]
D. 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; [PL 2005, c. 543, Pt. C, §2 (NEW).]
E. Selling through independent contractors; [PL 2005, c. 543, Pt. C, §2 (NEW).]
F. 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; [PL 2005, c. 543, Pt. C, §2 (NEW).]
G. Creating or acquiring indebtedness, mortgages or security interests in real or personal property; [PL 2005, c. 543, Pt. C, §2 (NEW).]
H. Securing or collecting debts or enforcing mortgages or other security interests in property securing the debts, and holding, protecting and maintaining property so acquired; [PL 2005, c. 543, Pt. C, §2 (NEW).]
I. Conducting an isolated transaction that is completed within 30 days and is not one in the course of similar transactions of a like manner; and [PL 2005, c. 543, Pt. C, §2 (NEW).]
J. Transacting business in interstate commerce. [PL 2005, c. 543, Pt. C, §2 (NEW).]
2. Ownership of property. For purposes of this subchapter, the ownership in this State of income-producing real property or tangible personal property, other than property excluded under subsection 1, constitutes transacting business in this State.
3. Service of process, taxation or regulation under other law. This section does not apply in determining the contacts or activities that may subject a foreign limited partnership to service of process, taxation or regulation under any other law of this State.
Frequently Asked Questions About Maine § 1413.
What does Maine Revised Statutes § 1413. cover?
Section 1413. ("Activities not constituting transacting business") is part of the Maine Revised Statutes, the codified statutory law of Maine. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maine § 1413.?
A common citation format is "Maine Revised Statutes § 1413." (Maine). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maine law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.
How does Maine § 1413. apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maine.