Okla. Stat. tit. 18, § 18-441-1403
This is the official text of Okla. Stat. tit. 18, § 18-441-1403, part of Oklahoma’s Stat. tit. 18, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 18,." Browse the sections below, each linked to its official government source.
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Activities not constituting transacting business
Official statutory text
ACTIVITIES NOT CONSTITUTING TRANSACTING BUSINESS.
(a) Activities of a foreign cooperative which do not constitute
transacting business in this state under this article include:
(1) Maintaining, defending, and settling an action or
proceeding;
(2) Holding meetings of the foreign cooperative’s members or
directors or carrying on any other activity concerning the foreign
cooperative’s internal affairs;
(3) Maintaining accounts in financial institutions;
(4) Maintaining offices or agencies for the transfer, exchange,
and registration of the foreign cooperative’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, through employees, agents, or otherwise, if the
Oklahoma Statutes - Title 18. Corporations Page 222
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, and maintaining property so acquired;
(9) Conducting an isolated transaction that is completed within
thirty (30) days and is not one in the course of similar
transactions; and
(10) Transacting business in interstate commerce.
(b) For purposes of this article, 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 cooperative to service of
process, taxation, or regulation under law of this state other than
the Uniform Limited Cooperative Association Act of 2009.
(a) Activities of a foreign cooperative which do not constitute
transacting business in this state under this article include:
(1) Maintaining, defending, and settling an action or
proceeding;
(2) Holding meetings of the foreign cooperative’s members or
directors or carrying on any other activity concerning the foreign
cooperative’s internal affairs;
(3) Maintaining accounts in financial institutions;
(4) Maintaining offices or agencies for the transfer, exchange,
and registration of the foreign cooperative’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, through employees, agents, or otherwise, if the
Oklahoma Statutes - Title 18. Corporations Page 222
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, and maintaining property so acquired;
(9) Conducting an isolated transaction that is completed within
thirty (30) days and is not one in the course of similar
transactions; and
(10) Transacting business in interstate commerce.
(b) For purposes of this article, 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 cooperative to service of
process, taxation, or regulation under law of this state other than
the Uniform Limited Cooperative Association Act of 2009.
Status: in_force · Read it on the official government site
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