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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>55018</law_id><section_number>13.1-944.1</section_number><catch_line>Definitions</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>13.1-1002</reference><reference>13.1-1082</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="13.1">Corporations</unit><unit label="chapter" level="2" order_by="1" identifier="10">Virginia Nonstock Corporation Act</unit><unit label="article" level="3" order_by="1" identifier="17.1">Conversion to a Limited Liability Company</unit></structure><text>
						<section><p>In this article:
		&#x201C;Articles of organization&#x201D; has the same meaning specified in &#xA7;&#xA0;<a class="law" title="Definitions" href="/13.1-1002/">13.1-1002</a>.
		&#x201C;<span class="dictionary">Converting entity</span>&#x201D; means the <span class="dictionary">domestic corporation</span> that adopts a plan of <span class="dictionary">entity conversion</span> pursuant to this article.
		&#x201C;Corporation&#x201D; has the same meaning specified in &#xA7;&#xA0;<a class="law" title="Definitions" href="/13.1-803/">13.1-803</a>.
		&#x201C;Limited liability company&#x201D; has the same meaning specified in &#xA7;&#xA0;<a class="law" title="Definitions" href="/13.1-1002/">13.1-1002</a>.
		&#x201C;<span class="dictionary">LLC membership interest</span>&#x201D; has the same meaning as membership interest in &#xA7;&#xA0;<a class="law" title="Definitions" href="/13.1-1002/">13.1-1002</a>.
		&#x201C;<span class="dictionary">Member</span>&#x201D; when used with respect to a corporation has the meaning as specified in &#xA7;&#xA0;<a class="law" title="Definitions" href="/13.1-803/">13.1-803</a>, and when used with respect to a limited liability company has the same meaning specified in &#xA7;&#xA0;<a class="law" title="Definitions" href="/13.1-1002/">13.1-1002</a>.
		&#x201C;Membership interest&#x201D; has the same meaning specified in &#xA7;&#xA0;<a class="law" title="Definitions" href="/13.1-803/">13.1-803</a>.
		&#x201C;<span class="dictionary">Person</span>&#x201D; has the same meaning specified in &#xA7;&#xA0;<a class="law" title="Definitions" href="/13.1-803/">13.1-803</a>.
		&#x201C;<span class="dictionary">Resulting entity</span>&#x201D; means the limited liability company that is in existence immediately after consummation of an <span class="dictionary">entity conversion</span> pursuant to this article.</p></section></text><history>2012, c. 706.</history><metadata></metadata></law>
