A. A limited partnership that has been converted pursuant to this article is for all purposes the same entity that existed before the conversion.
1. All property owned by the converting limited partnership remains vested in the resulting partnership;
2. All obligations of the converting limited partnership continue as obligations of the resulting partnership; and
3. An action or proceeding pending against the converting limited partnership may be continued as if the conversion had not occurred.
History
1996, c. 292; 2007, c. 631.
