Section 29-2601 - Division authorizedA. By complying with this article, a domestic entity may divide into either: 1. The dividing entity and one or more new entities, whether domestic or foreign.2. Two or more new entities, whether domestic or foreign.B. A foreign entity may be created by the division of a domestic entity under this article only if the division is authorized by the law of the foreign entity's jurisdiction of organization.C. A domestic entity may be created by the division of a foreign entity under this article only if the division is authorized by the law of the foreign entity's jurisdiction of organization.D. If a protected agreement contains a provision that applies to a merger of a domestic entity but does not refer to a division, the provision applies to a division of the entity as if the division were a merger until the agreement is amended after the effective date of this section.Added by L. 2014, ch. 193,s. 65, eff. 12/31/2014.