This section defines several terms used in the chapter.
As used in this chapter, unless the context otherwise requires: “Converted entity” means 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; “Eligible entity” means a domestic or foreign unincorporated entity or a domestic or foreign nonprofit corporation; “Eligible interests” means interests or memberships; “Filing entity” means an unincorporated entity that is of a type that is created by filing a public organic document; “Interest holder” means a person who holds of record an interest; “Membership” means the rights of a member in a domestic or foreign nonprofit corporation; “Participating shares” means shares however denominated that entitle their holders to participate in distributions on dissolution after all preferences have been paid; “Party to a merger or share exchange” means any domestic or foreign corporation, or eligible entity that will: Merge in a plan of merger; Acquire shares or eligible interests of another domestic or foreign corporation, or an eligible entity in a share exchange; or Have all of its shares or eligible interests of one (1) or more classes or series acquired in share exchange; “Survivor” means the corporation or unincorporated entity that is in existence immediately after consummation of a merger or entity conversion pursuant to this chapter; and “Voting shares” means shares that entitle their holders to vote unconditionally in the election of directors.