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.
Entity Division means, with respect to any corporation, limited liability company, trust, joint venture, association, company, partnership, or other entity, the division of such entity into two or more corporations, limited liability companies, trusts, joint ventures, associations, companies, partnerships, or other entities, whether pursuant to statute or otherwise, including any Delaware LLC Division or any comparable transaction under any similar law.
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.