Article 9.

Conversion and Merger.

Part 1. Definitions.

§ 57D‑9‑01.  Definitions.

Unless otherwise specifically provided, the following definitions apply in this Article:

(1) Articles of organization and conversion. – The document filed by the Secretary of State under G.S. 57D‑9‑22 for the purpose of converting an eligible entity into an LLC.

(2) Converting entity. – An eligible entity that converts into another eligible entity pursuant to Part 2 or Part 3 of this Article 9.

(3) Converting LLC. – A converting entity that is an LLC.

(4) Eligible entity. – A corporation, including a professional corporation as defined in G.S. 55B‑2 and a foreign professional corporation defined in G.S. 55B‑16, a domestic or foreign nonprofit corporation, a limited liability company, a domestic or foreign limited partnership, a registered limited liability partnership or foreign limited liability partnership as defined in G.S. 59‑32, or any other partnership as defined in G.S. 59‑36, whether or not formed under the laws of this State.

(5) Merging entity. – An eligible entity that is a party to a merger.

(6) Merging LLC. – A merging entity that is an LLC.

(7) Surviving entity. – The eligible entity into which a converting entity converts or into which an eligible entity is merged. (2013‑157, s. 2.)