§ 2-A — Limited liability investment company; definitions

§ 2-a. Limited liability investment company; definitions. When the\nprovisions of this chapter are applied to the formation and operation of\na limited liability investment company references to:\n 1. "Board of directors" shall include the managers charged with the\nmanagement of a limited liability investment company as set forth in its\narticles of organization.\n 2. "By-laws" shall include the operating agreement of a limited\nliability investment company.\n 3. "Capital stock" shall include the cash and property the members of\na limited liability investment company have contributed to the company,\nbut shall not include promissory notes, or other obligations to\ncontribute cash or property or to perform future services.\n 4. "Corporation" shall include an unincorporated investment company\nformed as a limited liability investment company pursuant to the\nprovisions of article twelve of this chapter.\n 5. "Director" shall include one of the managers charged with the\nmanagement of a limited liability investment company as set forth in its\narticles of organization.\n 6. "Dividend" shall include the distribution of a limited liability\ninvestment company's cash or other assets to its members.\n 7. "Incorporator" shall include the person or persons who is or are\nthe organizer or organizers of a limited liability investment company.\n 8. "Organization certificate" shall include the articles of\norganization of a limited liability investment company.\n 9. "Share" shall include the equity interest of a member of a limited\nliability investment company as set forth in the company's articles of\norganization or, in the absence of such a provision, the equity interest\nrepresented by a member's right to a proportionate share of the profits\nof the company.\n 10. "Stock" shall include the equity interest represented by the\npercentage of the total votes a member may cast as set forth in the\narticles of organization of a limited liability investment company or,\nin the absence of such a provision, the equity interest represented by a\nmember's right to a proportionate share of the profits of the company.\n 11. "Stockholder" shall include a member of a limited liability\ninvestment company who has an equity interest represented by his or her\nright to a proportionate share of the profits or capital of the company.\n 12. "Voting stock" shall include the definition of stock as set forth\nin this section.\n