New Jersey § 42:2c-59
Full text of New Jersey New Jersey Statutes § 42:2c-59, with citation guidance and answers to common questions.
§ 42:2c-59.
Activities Not Constituting Transacting Business. a. Activities of a foreign limited liability company which do not constitute transacting
business in this State within the meaning of this section include: (1) maintaining, defending, or settling an action or proceeding; (2) carrying on any activity concerning its internal affairs, including holding meetings
of its members or managers; (3) maintaining accounts in financial institutions; (4) maintaining offices or agencies for the transfer, exchange, and registration of
the company'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, or maintaining property so
acquired; (9) conducting an isolated transaction that is completed within 30 days and is not
in the course of similar transactions; and (10) transacting business in interstate commerce. b. For purposes of this section, the ownership in this State of income-producing real
property or tangible personal property, other than property excluded under subsection
a. of this section, constitutes transacting business in this State. c. This section does not apply in determining the contacts or activities that may
subject a foreign limited liability company to service of process, taxation, or regulation
under law of this State other than this act.
Frequently Asked Questions About New Jersey § 42:2c-59
What does New Jersey Statutes § 42:2c-59 cover?
Section 42:2c-59 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 42:2c-59?
A common citation format is "New Jersey Statutes § 42:2c-59" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 42:2c-59 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.