[§425-3.5] Activities not constituting transacting business. (a) The activities of a foreign general partnership that do not constitute transacting business in this State within the meaning of this chapter include:
(b) For purposes of this chapter, the ownership in this State of income-producing real property or income-producing tangible personal property, other than property excluded under subsection (a), constitutes transacting business in this State.
(c) This section shall not apply in determining the contracts or activities that may subject a foreign general partnership to service of process, taxation, or regulation under any other law of this State. [L 2006, c 235, §1]