Without excluding other activities which may not constitute transacting business in the state, a foreign corporation does not transact business in the state by carrying on any of the following activities:
(1) maintaining or defending any action or suit or an administrative or arbitration proceeding, or effecting its settlement or the settlement of claims or disputes;
(2) holding meetings of its directors, shareholders, or members or carrying on other activities concerning its internal affairs;
(3) maintaining bank accounts;
(4) securing or collecting debts, or enforcing rights in property securing debts;
(5) transacting business in interstate commerce;
(6) granting funds;
(7) distributing information to members;
(8) conducting an isolated transaction completed within a period of 30 days not in the course of a number of repeated transactions of like nature.
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