North Carolina § 59-73 - 1. Definitions.

§ 59-73. 1. Definitions.

As used in this Article: "Business entity" means a domestic corporation (including a professional corporation as defined in G.S. 55B-2), a foreign corporation (including a foreign professional corporation as defined in G.S. 55B-16), a domestic or foreign nonprofit corporation, a domestic or foreign limited liability company, a domestic or foreign limited partnership, a domestic partnership, or any other partnership. "Domestic partnership" means a partnership as defined in G.S. 59-36 that is formed under the laws of this State, including a registered limited liability partnership, but excluding a domestic limited partnership. "Partnership" means a partnership as defined in G.S. 59-36 whether or not formed under the laws of this State including a registered limited liability partnership and a foreign limited liability partnership, but excluding a domestic limited partnership and a foreign limited partnership. History (1999-369, s. 4.1; 2001-387, ss. 106, 107.) Editor's Note. - The definitions within subdivisions (1) and (2), were enacted by Session Laws 1999-369, s. 4.1, in the reverse order, and were redesignated to preserve alphabetical order at the direction of the Revisor of Statutes. Session Laws 2001-387, s. 154(b) provides that nothing in this act shall supersede the provisions of Article 10 or 65 of Chapter 58 of the General Statutes, and this act does not create an alternate means for an entity governed by Article 65 of Chapter 58 of the General Statutes to convert to a different business form. Legal Periodicals. - For article, "Legislative Survey: Business & Banking," see 22 Campbell L. Rev. 253 (2000). §§ 59-73.2 through 59-73.7: Recodified as §§ 59-73.20, 59-73.30, 59-73.31, 58-73.32, and 59-73.33, respectively, by Session Laws 2001-387, s. 105(b).