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EQUITY ASSOCIATES v. SOCIETY FOR SAV.

No. 7618SC423.

228 S.E.2d 761 (1976)

EQUITY ASSOCIATES, a North Carolina general partnership, et al. v. The SOCIETY FOR SAVINGS.

Court of Appeals of North Carolina.

October 20, 1976.

Attorney(s) appearing for the Case

Brooks, Pierce, McLendon, Humphrey & Leonard by Hubert Humphrey and Michael D. Meeker, Greensboro, for plaintiffs-appellees.

Smith, Moore, Smith, Schell & Hunter by Bynum M. Hunter and David M. Moore, II, Greensboro, for defendant-appellant.

ARNOLD, Judge.

Savings denies that G.S. 55-145(a)(1) subjects it to the jurisdiction of North Carolina's courts. We disagree. G.S. 55-145(a)(1) provides:

"(a) Every foreign corporation shall be subject to suit in this State, whether or not such foreign corporation is transacting or has transacted business in this State and whether or not it is engaged exclusively in interstate or foreign commerce, on any cause of action arising as follows: (1) Out...

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