47-25A-1. Definitions.

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.

Source: SL 2016, ch 221, § 16.