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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>70346</law_id><section_number>50-73.61</section_number><catch_line>Transactions not constituting transacting business</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="50">Partnerships</unit><unit label="chapter" level="2" order_by="1" identifier="2.1">Virginia Revised Uniform Limited Partnership Act</unit><unit label="article" level="3" order_by="1" identifier="9">Foreign Limited Partnerships</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> The following activities, among others, do not constitute transacting business within the meaning of this article: <a id="paragraph-253937" class="section-permalink" href="https://vacode.org/50-73.61/#A"><i class="fa fa-link"/></a></p></section>
						<section id="A1" class="indent-1"><p><span class="prefix-number">1.</span> Maintaining, defending, or settling any proceeding; <a id="paragraph-253938" class="section-permalink" href="https://vacode.org/50-73.61/#A1"><i class="fa fa-link"/></a></p></section>
						<section id="A2" class="indent-1"><p><span class="prefix-number">2.</span> Holding meetings of its <span class="dictionary">partners</span> or carrying on any other activities concerning its internal affairs; <a id="paragraph-253939" class="section-permalink" href="https://vacode.org/50-73.61/#A2"><i class="fa fa-link"/></a></p></section>
						<section id="A3" class="indent-1"><p><span class="prefix-number">3.</span> Maintaining bank accounts; <a id="paragraph-253940" class="section-permalink" href="https://vacode.org/50-73.61/#A3"><i class="fa fa-link"/></a></p></section>
						<section id="A4" class="indent-1"><p><span class="prefix-number">4.</span> Maintaining offices or agencies for the transfer, exchange and registration of the partnership&#x2019;s securities or maintaining trustees or depositaries with respect to those securities; <a id="paragraph-253941" class="section-permalink" href="https://vacode.org/50-73.61/#A4"><i class="fa fa-link"/></a></p></section>
						<section id="A5" class="indent-1"><p><span class="prefix-number">5.</span> Selling through independent contractors; <a id="paragraph-253942" class="section-permalink" href="https://vacode.org/50-73.61/#A5"><i class="fa fa-link"/></a></p></section>
						<section id="A6" class="indent-1"><p><span class="prefix-number">6.</span> Soliciting or obtaining <span class="dictionary">orders</span>, whether by mail or through employees or agents or otherwise, if the <span class="dictionary">orders</span> require acceptance outside this Commonwealth before they become <span class="dictionary">contracts</span>; <a id="paragraph-253943" class="section-permalink" href="https://vacode.org/50-73.61/#A6"><i class="fa fa-link"/></a></p></section>
						<section id="A7" class="indent-1"><p><span class="prefix-number">7.</span> Creating or acquiring indebtedness, deeds of trust, and security interests in real or personal property; <a id="paragraph-253944" class="section-permalink" href="https://vacode.org/50-73.61/#A7"><i class="fa fa-link"/></a></p></section>
						<section id="A8" class="indent-1"><p><span class="prefix-number">8.</span> Securing or collecting debts or enforcing deeds of trust and security interests in property securing the debts; <a id="paragraph-253945" class="section-permalink" href="https://vacode.org/50-73.61/#A8"><i class="fa fa-link"/></a></p></section>
						<section id="A9" class="indent-1"><p><span class="prefix-number">9.</span> Owning, without more, personal property; <a id="paragraph-253946" class="section-permalink" href="https://vacode.org/50-73.61/#A9"><i class="fa fa-link"/></a></p></section>
						<section id="A10" class="indent-1"><p><span class="prefix-number">10.</span> Conducting an isolated transaction that is completed within thirty days and that is not one in the course of repeated transactions of a like nature; <a id="paragraph-253947" class="section-permalink" href="https://vacode.org/50-73.61/#A10"><i class="fa fa-link"/></a></p></section>
						<section id="A11" class="indent-1"><p><span class="prefix-number">11.</span> For a period of less than ninety consecutive days, producing, directing, filming, crewing or acting in <span class="dictionary">motion</span> picture feature films, television series or commercials, or promotional films which are sent outside of the Commonwealth for processing, editing, marketing and distribution; or <a id="paragraph-253948" class="section-permalink" href="https://vacode.org/50-73.61/#A11"><i class="fa fa-link"/></a></p></section>
						<section id="A12" class="indent-1"><p><span class="prefix-number">12.</span> Serving, without more, as a <span class="dictionary">general partner</span> of, or as a partner in a partnership which is a <span class="dictionary">general partner</span> of, a domestic or <span class="dictionary">foreign limited partnership</span> which does not otherwise transact business in this Commonwealth. <a id="paragraph-253949" class="section-permalink" href="https://vacode.org/50-73.61/#A12"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> The term &#x201C;transacting business&#x201D; as used in this section shall have no effect on personal <span class="dictionary">jurisdiction</span> under &#xA7; <a class="law" title="When personal jurisdiction over person may be exercised" href="/8.01-328.1/">8.01-328.1</a>. <a id="paragraph-253950" class="section-permalink" href="https://vacode.org/50-73.61/#B"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> The list of activities in subsection A of this section is not exhaustive. This section does not apply in determining the <span class="dictionary">contracts</span> or activities which may subject a <span class="dictionary">foreign limited partnership</span> to <span class="dictionary">service of process</span> or taxation in this Commonwealth or to regulation under any other <span class="dictionary">law</span> of this Commonwealth. <a id="paragraph-253951" class="section-permalink" href="https://vacode.org/50-73.61/#C"><i class="fa fa-link"/></a></p></section></text><history>1985, c. 607; 1987, c. 305; 1990, c. 343.</history><metadata></metadata></law>
