48-21-101 - Chapter definitions.
48-21-101. Chapter definitions.
As used in this chapter, unless the context otherwise requires:
(1) Participating shares means shares however denominated that entitle their holders to participate in distributions on dissolution after all preferences have been paid;
(2) Party to a merger or exchange means any domestic or foreign corporation, limited liability company or limited partnership that will:
(A) Merge in a plan of merger;
(B) Acquire shares or units of another domestic or foreign corporation, limited liability company or limited partnership in an exchange;
(C) Have all of its shares or units of one (1) or more classes or series acquired in an exchange; or
(D) Issue shares or units, obligations, rights to purchase securities or other securities in connection with a merger or exchange;
(3) Unit means the units into which ownership interests in a limited partnership are divided; and
(4) Voting shares means shares that entitle their holders to vote unconditionally in the election of directors.
[Acts 1994, ch. 776, § 35; 2006, ch. 620, § 58.]