RSA 564-F:21-2101 · Activities in This State

564-F:21-2101 Activities in This State. –

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(a)

A foreign foundation shall not engage in any registrable activity in this state until it registers with the secretary of state.

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(b)

A registrable activity includes any activity that, if conducted by a foreign corporation, would constitute the corporation's transacting business in this state.

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(c)

Activities that are not registrable activities include:

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(1)

Maintaining, defending, or settling any judicial proceeding;

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(2)

Holding meetings of the board of directors or carrying on other activities concerning the foundation's internal affairs;

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(3)

Maintaining one or more bank accounts;

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(4)

Creating or acquiring indebtedness, mortgages, and security interests in real or personal property;

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(5)

Securing or collecting debts or enforcing mortgages and security interests in property securing the debts;

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(6)

Without more, owning any real or personal property located in this state;

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(7)

Conducting an isolated transaction that:

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(A)

Is completed within 30 days; and

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(B)

Is not a single transaction in the course of repeated transactions of a like nature;

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(8)

Transacting any activity in interstate commerce; and

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(9)

Any activity that, if conducted by a foreign corporation, would not constitute the corporation's transacting business in this state. Source. 2017, 257:47, eff. Oct. 1, 2017.

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