Activities not constituting transacting business

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  • (a) Activities of a foreign limited liability partnership which do not constitute transacting business within the meaning of this subchapter include:

    • (1) maintaining, defending, or settling an action or proceeding;

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

    • (3) maintaining bank accounts;

    • (4) maintaining offices or agencies for the transfer, exchange, and registration of the 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 through employees or agents or otherwise, if the orders require acceptance outside the Virgin Islands before they become contracts;

    • (7) creating or acquiring indebtedness, mortgages, or security interests in real or personal property;

    • (8) securing or collecting debts or foreclosing 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 30 days and is not one in the course of similar transactions of like nature; and

    • (10) transacting business in interstate commerce.

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

  • (c) This section does not apply in determining the contacts or activities that may subject a foreign limited liability partnership to service of process, taxation, or regulation under any other law of the Virgin Islands.


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