Code of Virginia § 13.1-944.1. Definitions.
151 words·~1 min read·
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In this article:
"Articles of organization" has the same meaning specified in § 13.1-1002 .
"Converting entity" means the domestic corporation that adopts a plan of entity conversion pursuant to this article.
"Corporation" has the same meaning specified in § 13.1-803 .
"Limited liability company" has the same meaning specified in § 13.1-1002 .
"LLC membership interest" has the same meaning as membership interest in § 13.1-1002 .
"Member" when used with respect to a corporation has the meaning as specified in § 13.1-803 , and when used with respect to a limited liability company has the same meaning specified in § 13.1-1002 .
"Membership interest" has the same meaning specified in § 13.1-803 .
"Person" has the same meaning specified in § 13.1-803 .
"Resulting entity" means the limited liability company that is in existence immediately after consummation of an entity conversion pursuant to this article.
2012, c. 706 .