2006 Code of Virginia § 13.1-919 - Authority to transact business

13.1-919. Authority to transact business.

A. A foreign corporation may not transact business in this Commonwealth untilit obtains a certificate of authority from the Commission.

B. The following activities, among others, do not constitute transactingbusiness within the meaning of subsection A of this section:

1. Maintaining, defending, or settling any proceeding;

2. Holding meetings of the board of directors or members or carrying on otheractivities concerning internal corporate affairs;

3. Maintaining bank accounts;

4. Selling through independent contractors;

5. Soliciting or obtaining orders, whether by mail or through employees oragents or otherwise, if the orders require acceptance outside thisCommonwealth before they become contracts;

6. Creating or acquiring indebtedness, deeds of trust, and security interestsin real or personal property;

7. Securing or collecting debts or enforcing deeds of trust and securityinterests in property securing the debts;

8. Owning, without more, real or personal property;

9. Conducting an isolated transaction that is completed within thirty daysand that is not one in the course of repeated transactions of a like nature;or

10. For a period of less than ninety consecutive days, producing, directing,filming, crewing or acting in motion picture feature films, television seriesor commercials, or promotional films which are sent outside of theCommonwealth for processing, editing, marketing and distribution.

C. The list of activities in subsection B of this section is not exhaustive.

(Code 1950, 13.1-265 to 13.1-265.2; 1956, c. 428; 1962, c. 239; 1980, c.630; 1985, c. 522.)