As used in Sections 33-43-101 through 33-43-1409, unless the context otherwise requires:
- (A) "Articles of organization" means articles filed under Section 33-43-201, and those articles as amended or restated.
- (B) "Corporation" means a corporation formed under the laws of any state or foreign country.
- (C) "Court" includes every court having jurisdiction in the case.
- (D) "Deliver" includes mail.
- (E) "Event of dissociation" means an event that causes a person to cease to be a member as provided in Section 33-43-802.
(F) "Foreign limited liability company" means an organization that is:
- (1) an unincorporated association;
- (2) organized under laws of a state other than the laws of this State, or under the laws of any foreign country;
- (3) organized under a statute pursuant to which an association may be formed that affords to each of its members limited liability with respect to the liabilities of the entity; and
- (4) not required to be registered or organized under any statute of this State other than Sections 33-43-101 through 33-43-1409.
- (G) "Limited liability company" or "domestic limited liability company" means an organization formed under Sections 33-43-101 through 33-43-1409.
- (H) "Limited liability company interest" or "interest in the limited liability company" means the member' right to share in profits and losses, and right to share in distributions.
- (I) "Limited partnership" means a limited partnership formed under the laws of any state or foreign country.
- (J) "Manager" or "managers" means, with respect to a limited liability company that has set forth in its articles of organization that it is to be managed by managers, the person or persons designated in accordance with Section 33-43-401.
- (K) "Member" or "members" means a person or persons who have been admitted to membership in a limited liability company as provided in Section 33-43-801 and who have not ceased to be members as provided in Section 33-43-802.
- (L) "Operating agreement" means any written agreement, originally unanimously adopted by all the members of the limited liability company, as to the conduct of the business and affairs of the limited liability company. Provided, however, the failure of any limited liability company to adopt an operating agreement shall not effect the legal existence of such limited liability company.
- (M) "Person" means an individual, a general partnership, a limited partnership, a domestic or foreign limited liability company, a trust, an estate, an association, a corporation, or any other legal entity.
- (N) "Professional service" means a service that may be rendered lawfully only by a person licensed or otherwise authorized by a licensing authority in this State to render the service and that may not be lawfully rendered by a business corporation under Chapters 1 through 17 of Title 33.
- (O) "State" means a state, territory, or possession of the United States, the District of Columbia, or the Commonwealth of Puerto Rico.