§ 9-804. Activities not considered doing business

   (a) In general. -- For the purposes of this article and the Corporations and Associations Article, in addition to the activities listed in § 7-103 and 7-104 of the Corporations and Associations Article, the following activities of a foreign association do not constitute doing business or having tax situs in this State:

   (1) Making or investing in loans on property in this State;

   (2) Purchasing, acquiring, holding, selling, assigning, transferring, collecting, or enforcing by foreclosure or otherwise any whole or partial interest in any obligation secured by a mortgage or similar instrument, covering property in this State; or

   (3) Employing an attorney, surveyor, or appraiser in connection with any activity permitted by this section or the servicing and collection of any investment in this State through a corporation that is authorized to do business in this State.

(b) Construction. -- Nothing in this section exempts a foreign corporation from the licensing requirements of Title 11, Subtitle 5 of this article.

HISTORY: An. Code 1957, art. 23, § 156; 1980, ch. 856; 1986, ch. 282; 1989, ch. 476, § 3; 2010, ch. 72, § 5.