§415B-2 Definitions. As used in this chapter, unless the context otherwise requires, the term:

"Articles of incorporation" means the original or restated articles of incorporation or articles of consolidation and all amendments thereto, including articles of merger.

"Board of directors" means the group of persons vested with the management of the affairs of the corporation irrespective of the name by which such group is designated.

"Bylaws" means any code of rules adopted for the regulation or management of the affairs of the corporation irrespective of the name by which such rules are designated.

"Corporation" or "domestic corporation" means a nonprofit corporation subject to this chapter, except a foreign corporation.

"Director" means the director of the department of commerce and consumer affairs.

"Foreign corporation" means a nonprofit corporation organized under laws other than the laws of this State.

"Insolvent" means the inability of a corporation to pay its debts as they become due in the usual course of its affairs.

"Member" means any person having membership rights in a corporation in accordance with its articles of incorporation or bylaws.

"Nonprofit corporation" means a corporation of which no part of the income or profit is distributable to its members, directors, or officers.

"Other entity" [Definition effective July 1, 2000.] includes a domestic or foreign corporation, whether organized for profit or not, a domestic or foreign limited liability company, general partnership, limited partnership, limited liability partnership, or a domestic professional corporation. [L 1985, c 270, pt of §1; am L 1987, c 135, §133; am L 1999, c 280, §9]