Vermont § 4141 - Definitions As used in this subchapter:

§ 4141. Definitions As used in this subchapter:

• (1) “Constituent limited liability company” means a constituent organization that is a
  limited liability company. (2) “Constituent organization” means an organization that is party to a merger. (3) “Conversion” means a transaction authorized by sections 4142 through 4147 of this title. (4) “Converted organization” means the converting organization as it continues in existence
  after a conversion. (5) “Converting organization” means the domestic organization that approves a plan of
  conversion pursuant to section 4144 of this title or the foreign organization that approves a conversion pursuant to the law of its
  jurisdiction of formation. (6) “Domestic,” with respect to an organization, means an organization governed as to
  its internal affairs by the law of this State. (7) “Domesticated company” means the company that exists after a domesticating foreign
  limited liability company or limited liability company effects a domestication pursuant
  to sections 4152 through 4155 of this title. (8) “Domesticating company” means the company that effects a domestication pursuant to
  sections 4152 through 4155 of this title. (9) “General partner” means a partner in a partnership and a general partner in a limited
  partnership. (10) “Governing statute” means the statute that governs an organization’s internal affairs. (11) “Interest holder” means: (A) a shareholder of a business corporation; (B) a member of a nonprofit corporation; (C) a general partner of a general partnership; (D) a general partner of a limited partnership; (E) a limited partner of a limited partnership; (F) a member of a limited liability company; (G) a shareholder of a general cooperative association; (H) a member of a limited cooperative association or mutual benefit enterprise; (I) a member of an unincorporated nonprofit association; (J) a beneficiary or beneficial owner of a statutory trust, business trust, or common-law
  business trust; or (K) any other direct holder of an interest. (12) “Limited partner” means a limited partner in a limited partnership. (13) “Limited partnership” means a limited partnership created under chapter 23 of this
  title, a predecessor law, or comparable law of another jurisdiction. (14) “Organization”: (A) means any of the following, whether a domestic or foreign organization, and regardless
  of whether organized for profit: