RSA 304-A:58 · [This subdivision was enacted by the New Hampshire General Court and is not a part of the national Uniform Partnership Act.] 304-A:58 Effect of Conversion; Entity Unchanged

[This subdivision was enacted by the New Hampshire General Court and is not a part of the national Uniform Partnership Act.] 304-A:58 Effect of Conversion; Entity Unchanged. –

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I.

A partnership, limited partnership, or limited liability company that has been converted pursuant to RSA 304-A:56 or 304-A:57 is for all purposes the same entity that existed before the conversion.

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II.

When a conversion takes effect:

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(a)

All property owned by the converting partnership, limited partnership, or limited liability company remains vested in the converted entity;

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(b)

All obligations of the converting partnership, limited partnership, or limited liability company continue as obligations of the converted entity; and

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(c)

An action or proceeding pending against the converting partnership, limited partnership or limited liability company may be continued as if the conversion had not occurred. Source. 1997, 120:9, eff. Aug. 8, 1997.

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