47-25A-1. Definitions.

185 words·~1 min read·/sd/title-47/chapter-47-25/47-25a-1

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Terms used in this chapter, mean:

(1)"Conversion," a transaction authorized by §§ 47-25A-8 to 47-25A-22 , inclusive;

(2)"Converting corporation," the domestic or foreign nonprofit or business corporation that approves a conversion pursuant to §§ 47-25A-8 to 47-25A-22 , inclusive, or the applicable laws of the foreign jurisdiction;

(3)"Converting entity," the domestic or foreign entity that approves a conversion pursuant to §§ 47-25A-8 to 47-25A-22 , inclusive;

(4)"Domesticated corporation," the domesticating corporation as it continues in existence after a domestication;

(5)"Domesticating corporation," the domestic nonprofit corporation that adopts a plan of domestication pursuant to §§ 47-25A-3 to 47-25A-7 , inclusive, or the foreign nonprofit corporation that approves a domestication pursuant to the applicable laws of the foreign jurisdiction;

(6)"Domestication," a transaction authorized by §§ 47-25A-3 to 47-25A-7 , inclusive;

(7)"Surviving corporation," the corporation as it continues in existence immediately after consummation of a for-profit conversion pursuant to §§ 47-25A-3 to 47-25A-22 , inclusive;

(8)"Surviving entity," the unincorporated entity as it continues in existence immediately after consummation of an entity conversion pursuant to §§ 47-25A-3 to 47-25A-22 , inclusive.