Section 47-1A-950.5 - Definition of terms applying to sections 47-1A-950 to 47-1A-956Terms used in §§ 47-1A-950 to 47-1A-956, inclusive, mean:
(1) "Converting entity," the domestic business corporation or domestic unincorporated entity that adopts a plan of entity conversion or the foreign unincorporated entity converting to a domestic business corporation;(2) "Surviving entity," the corporation or unincorporated entity that is in existence immediately after consummation of an entity conversion pursuant to §§ 47-1A-950 to 47-1A-956, inclusive.