IC 23-0.5-5-5 : Activities not constituting doing business in Indiana
Sec. 5. (a) Activities of a foreign entity which do not constitute doing business in Indiana under this article include:
(1) maintaining, defending, mediating, arbitrating, or settling an action or proceeding;
(2) carrying on any activity concerning its internal affairs, including holding meetings of its interest holders or governing persons;
(3) maintaining accounts in financial institutions;
(4) maintaining offices or agencies for the transfer, exchange, and registration of securities of the entity or maintaining trustees or depositories with respect to those securities;
(5) selling through independent contractors;
(6) soliciting or obtaining orders by any means if the orders require acceptance outside Indiana before they become contracts;
(7) making loans or otherwise creating or acquiring indebtedness, mortgages, or security interests in real or personal property;
(8) securing or collecting debts or enforcing mortgages or security interests in property securing the debts, and holding, protecting, or maintaining property so acquired;
(9) conducting an isolated transaction completed within thirty (30) days that is not conducted in the course of repeated transactions of a like nature;
(10) owning, without more, property;
(11) doing business in interstate commerce; and
(12) if the entity is a nonprofit corporation, soliciting funds if otherwise authorized by Indiana law.
(b) A person does not do business in Indiana solely by being an interest holder or governing person of a foreign entity that does business in Indiana.
(c) This section does not apply in determining the contacts or activities that may subject a foreign entity to service of process, taxation, or regulation under law of Indiana other than this article.
As added by P.L.118-2017, SEC.5. Amended by P.L.52-2018, SEC.16.