                                 CODE OF VIRGINIA

DEFINITIONS (§ 13.1-1264)

As used in this article, unless the context requires a different meaning:
		&#8220;Articles of organization&#8221; has the same meaning specified in §
13.1-1002.
		&#8220;Converting entity&#8221; means the domestic or foreign business trust,
corporation, limited liability company, limited partnership, partnership, or
other entity that adopts a plan of domestication or plan of entity conversion
pursuant to this article.
		&#8220;Corporation&#8221; and &#8220;domestic corporation&#8221; have the same
meaning specified in § 13.1-603.
		&#8220;Domesticated business trust&#8221; means the domesticating business
trust as it continues in existence after a domestication.
		&#8220;Domesticating business trust&#8221; means the domestic business trust
that approves a plan of domestication pursuant to § 13.1-1267 or the foreign
business trust that approves a domestication pursuant to the organic law of the
foreign business trust.
		&#8220;Domestication&#8221; means a transaction pursuant to this article,
including domestication of a foreign business trust as a domestic business trust
or domestication of a domestic business trust in another jurisdiction, where the
other jurisdiction authorizes such a transaction even if by another name.
		&#8220;Domestic entity&#8221; means a domestic corporation, limited liability
company, limited partnership, partnership, or other entity.
		&#8220;Foreign corporation&#8221; has the same meaning specified in §
13.1-603.
		&#8220;Foreign entity&#8221; means a foreign business trust, corporation,
limited liability company, limited partnership, partnership, or other entity.
		&#8220;Foreign limited liability company&#8221; has the same meaning specified
in § 13.1-1002.
		&#8220;Foreign limited partnership&#8221; has the same meaning specified in §
50-73.1.
		&#8220;Foreign partnership&#8221; has the same meaning specified in §
13.1-1002.
		&#8220;Limited liability company&#8221; and &#8220;domestic limited liability
company&#8221; have the same meaning specified in § 13.1-1002.
		&#8220;Limited partnership&#8221; and &#8220;domestic limited
partnership&#8221; have the same meaning specified in § 50-73.1.
		&#8220;Member&#8221; has the same meaning specified in § 13.1-1002.
		&#8220;Membership interest&#8221; or &#8220;interest&#8221; has the same
meaning specified in § 13.1-1002.
		&#8220;Other entity&#8221; means a domestic real estate investment trust or
common law trust.
		&#8220;Partnership&#8221; and &#8220;domestic partnership&#8221; mean an
association of two or more persons to carry on as co-owners a business for
profit formed under § 50-73.88, or predecessor law of this Commonwealth, and
includes, for all purposes of the laws of this Commonwealth, a registered
limited liability partnership.
		&#8220;Resulting entity&#8221; means the domestic limited liability company or
business trust that is in existence upon consummation of an entity conversion
pursuant to this article.
		&#8220;Surviving entity&#8221; means the domestic business trust that is in
existence upon consummation of a domestication pursuant to this article.

HISTORY: 2002, c. 621; 2016, c. 288; 2021, Sp. Sess. I, c. 487.