Business entities; conversion and domestication.

Business entities; conversion and domestication.Provides that, for the purposes of the Virginia Nonstock CorporationAct, the Virginia Limited Liability Act, and the Virginia BusinessTrust Act, "entity conversion" has the same meaning as "conversion"as defined in each respective act and that a certificate of entityconversion is the same as a certificate of conversion. Additionally,the bill provides that "incorporation surrender," "organizationsurrender," and "trust surrender" have the same meaning as "domestication"as defined in each such respective act and that a certificate ofincorporation surrender, certificate of organization surrender, anda certificate of trust surrender are the same as a certificate ofdomestication.