inactively definition
inactively and means “active transaction for pecuniary gain or profit.” (Golden State Theatre & Realty Corp. v. Johnson (1943) 21 Cal.2d 493, 496 (Golden State Theatre); Hise v. McColgan (1944) 24 Cal.2d 147, 151.) For example, “the purchase and sale of stocks or bonds” may constitute doing business within the meaning of section 23101, but “[t]he mere receipt of dividends and interest by a corporation and the distribution of such income to its shareholders does not.” (Regulation 23101, subds. (a), (b).)