As used in this article, unless the context requires a different meaning :”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 § 13.1-603.”Limited liability company” has the same meaning specified in § 13.1-1002.”Member” has the same meaning specified in § 13.1-1002.”Membership interest” or “interest” has the same meaning specified in § 13.1-1002.”Resulting entity” means the limited liability company that is in existence upon consummation of an entity conversion pursuant to this article.

History

2001, c. 545; 2002, c. 1; 2016, c. 288.