Entity transactions involving a series limited liability company or a protected series of the company restricted; definitions.

As used in ss. 605.2601-605.2608, the term:

(1) “After a merger” or “after the merger” means when a merger under s. 605.2604 becomes effective and any time thereafter.

(2) “Before a merger” or “before the merger” means before a merger under s. 605.2604 becomes effective.

(3) “Continuing protected series” means a protected series of a surviving series limited liability company which continues in uninterrupted existence after a merger under s. 605.2604.

(4) “Merging company” means a limited liability company that is party to a merger under s. 605.2604.

(5) “Non-surviving company” means a merging company that does not continue in existence after a merger under s. 605.2604.

(6) “Relocated protected series” means a protected series of a non-surviving company which, after a merger under s. 605.2604, continues in uninterrupted existence as a protected series of the surviving company.

(7) “Surviving company” means a merging company that continues in existence after a merger under s. 605.2604.