CHAPTER 239

An Act to amend the Code of Virginia by adding sections numbered 18.1-
102.1 and 18.1-265.1, the sections relating, respectively, to what shall
not be deemed transacting business or conducting affairs of foreign
stock and nonstock corporations. rH 526}

Approved March 10, 1962

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia be amended by adding sections numbered
13.1-102.1 and 138.1-265.1, as follows:

§ 18.1-102.1. Without excluding other activities which may not con-
stitute transacting business in this State, the investment by a foreign cor-
poration in notes, bonds or other instruments secured by deeds of trust on
property located in this State, the employment by it of attorneys at law,
surveyors and appraisers in connection therewith, the servicing and col-
lection thereof in this State through corporations authorized to do busi-
ness in this State, the acquisition of such property at foreclosure sale, and
the holding of title thereto for a reasonable time, while liquidating such
investment, shall not be deemed transacting business in this State, provided
the foreign corporation does not maintain an office or other place of busi-
ness in this State, and provided, further, that the foreign corporation does
not advertise for business in this State.

8 18.1-265.1. Without excluding other activities which may not con-
stitute conducting affairs in this State, the investment by a foreign cor-
poration in notes, bonds or other securities secured by deeds of trust on
property located in this State, the employment of attorneys at law, sur-
veyors and appraisers in connection therewith, the servicing thereof and
the collection in this State of payments thereon, through corporations au-
thorized to do business in this State, the foreclosure of such deeds of trust
and the acquisition of such property at foreclosure sale, and the holding of
title thereto for a reasonable time, while liquidating such investment, shall
not be deemed conducting affairs in this State, provided the foreign cor-

ration does not maintain an office or other place of business in this
tate, and provided, further, that the foreign corporation does not ad-
vertise for business in this State.