@Chris Martin Thank you so much.
I moved B, D, K to the bottom* since I really don't think they apply to the purchase of banknotes, but I would just like to be sure of the rest of the document's language.
From my understanding of this document, an out of state Investment LLC would NOT need to file in NM as a foreign LLC, for example, if the LLC purchases reperforming banknotes.
It also sounds like even foreclosing on a home of the non performing banknote would not require filing as a foreign LLC in that state. Would you agree? Apologies for my confusion, but this seems like an important step before purchasing banknotes through an LLC, and I'm trying to get this right...
"The following activities of a foreign limited liability company do NOT constitute transacting business within the meaning of the New Mexico Limited Liability Company Act:
a. maintaining, defending or settling any proceeding;
c. maintaining bank accounts;
e. selling through independent contractors;
f. soliciting or obtaining orders whether by mail or through employees or agents or otherwise, if the orders require acceptance outside New Mexico before they become contracts;
g. creating as borrower or lender or acquiring indebtedness or mortgages or other security interests in real or personal property;
h. securing or collecting debts or enforcing rights in property securing debts;
i. investing in or acquiring, in transactions outside New Mexico, royalties and other nonoperating mineral interests; executing division orders, contracts of sale and other instruments incidental to
the ownership of such nonoperating mineral interests; and, in general, owning, without more, real or personal property;
j. 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;
------------Nor shall a foreign limited liability company be considered to be transacting business in New Mexico solely because it:
1) owns a controlling interest in a corporation or a foreign corporation that transacts business in New Mexico;
2) is a limited partner of a limited partnership or foreign limited partnership that is transacting business in New Mexico; or
3) is a member or manager of a limited liability company or foreign limited liability company that is transacting business in New Mexico.
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* as per note above:
b. holding meetings of its members or carrying on any other activities concerning its internal affairs;
d. maintaining offices or agencies for the transfer, exchange and registration of the foreign limited liability company’s own securities or interests or appointing and maintaining trustees or depositories with respect to those securities or interests;
k. transacting business in interstate commerce"
