(805 ILCS 5/13.75)
Sec. 13.75. Activities that do not constitute transacting business. Without excluding other activities that may not constitute doing business in this State, a foreign corporation shall not be considered to be transacting business in this State, for purposes of this Article 13, by reason of carrying on in this State any one or more of the following activities:
(1) maintaining, defending, or settling any
proceeding;
(2) holding meetings of the board of directors or
shareholders or carrying on other activities concerning internal corporate affairs;
(3) maintaining bank accounts;
(4) maintaining offices or agencies for the transfer,
exchange, and registration of the corporation's own securities or maintaining trustees or depositaries 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 orders require acceptance outside this State before they become contracts;
(7) (blank);
(8) (blank);
(9) owning, without more, real or personal property;
(10) conducting an isolated transaction that is
completed within 120 days and that is not one in the course of repeated transactions of a like nature; or
(11) having a corporate officer or director who is a
resident of this State.
(Source: P.A. 93-59, eff. 7-1-03.)
Sections: Previous 13.05 13.10 13.15 13.20 13.25 13.30 13.35 13.40 13.45 13.50 13.55 13.60 13.65 13.70 13.75
Last modified: February 18, 2015