Terms Used In Tennessee Code 61-3-1111

• Conversion: means a transaction authorized by §. See Tennessee Code 61-3-1101
• Converted entity: means the converting entity as the converting entity continues in existence after a conversion. See Tennessee Code 61-3-1101
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Organic rules: means the public organic record and private organic rules of an entity. See Tennessee Code 61-3-1101
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• Plan: means a plan of merger, plan of conversion, or plan of domestication. See Tennessee Code 61-3-1101
• Plan of conversion: means a plan under §. See Tennessee Code 61-3-1101
• Property: means all property, whether real, personal, mixed, or tangible or intangible, or any right or interest in such property. See Tennessee Code 61-3-101
• Record: when used as a noun, means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form. See Tennessee Code 61-3-101
• State: means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States. See Tennessee Code 61-3-101
• Type of entity: means a generic form of entity:
  (A) Recognized at common law. See Tennessee Code 61-3-1101