Entity Division definition

Entity Division means (i) the statutory division of any LLC into two or more LLCs pursuant to Section 18-217 of the Delaware Limited Liability Company Act or (ii) the statutory division of any LP into two or more LPs pursuant to Section 17-220 of the Delaware Revised Uniform Limited Partnership Act.
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Examples of Entity Division in a sentence

  • College and Academic Units (Faculty, School, Centre, University Institute), other University Entity, Division, Section or University Business Enterprise.

Related to Entity Division

  • Entity means any corporation (including any non-profit corporation), general partnership, limited partnership, limited liability partnership, joint venture, estate, trust, company (including any company limited by shares, limited liability company or joint stock company), firm, society or other enterprise, association, organization or entity.