Section 10-2267 - Merger, interest exchange, conversion, domestication or division; definitionsA. A domestic business development corporation may be a party to or otherwise undertake a merger, an interest exchange, a conversion, a domestication or a division by complying with chapters 11 and 13 of this title and title 29, chapter 6.B. If a domestic business development corporation is to be created in a merger, a conversion, a domestication or a division:1. The shareholders of the corporation must be residents of this state as prescribed by section 10-2259, subsection A.2. The formation of the corporation must otherwise comply with this chapter.C. For the purposes of this section: 1. "Conversion" means a transaction authorized by title 29, chapter 6, article 4.2. "Division" means a transaction authorized by title 29, chapter 6, article 6.3. "Domestication" means a transaction authorized by title 29, chapter 6, article 5.4. "Interest exchange" means a transaction authorized by title 29, chapter 6, article 3.5. "Merger" means a transaction authorized by title 29, chapter 6, article 2.Added by L. 2014, ch. 193,s. 28, eff. 12/31/2014.