When the provisions of this chapter are applied to the formation and operation of a limited liability trust company references to:
- 1. "Board of directors" shall include the managers charged with the management of a limited liability trust company as set forth in its articles of organization.
- 2. "By-laws" shall include the operating agreement of a limited liability trust company.
- 3. "Capital stock" shall include the cash and property the members of a limited liability trust company have contributed to the company, but shall not include promissory notes or other obligations to contribute cash or property or to perform future services.
- 4. "Corporation" shall include an unincorporated trust company formed as a limited liability trust company pursuant to the provisions of article three of this chapter.
- 5. "Director" shall include one of the managers charged with the management of a limited liability trust company as set forth in its articles of organization.
- 6. "Dividend" shall include the distribution of a limited liability trust company's cash or other assets to its members.
- 7. "Incorporator" shall include the person or persons who is or are the organizer or organizers of a limited liability trust company.
- 8. "Organization certificate" shall include the articles of organization of a limited liability trust company.
- 9. "Share" shall include the equity interest of a member of a limited liability trust company as set forth in the company's articles of organization or, in the absence of such a provision, the equity interest represented by a member's right to a proportionate share of the profits of the company.
- 10. "Stock" shall include the equity interest represented by the percentage of the total votes a member may cast as set forth in the articles of organization of a limited liability trust company or, in the absence of such a provision, the equity interest represented by a member's right to a proportionate share of the profits of the company.
- 11. "Stockholder" shall include a member of a limited liability trust company who has an equity interest represented by his, her, or its right to a proportionate share of the profits or capital of the company.
- 12. "Voting stock" shall include the definition of stock as set forth in this section.