56a-904.   Effect of conversion; entity unchanged. (a) A partnership or limited partnership that has been converted pursuant to this article is for all purposes the same entity that existed before the conversion.

      (b)   When a conversion takes effect:

      (1)   All property owned by the converting partnership or limited partnership remains vested in the converted entity;

      (2)   all obligations of the converting partnership or limited partnership continue as obligations of the converted entity; and

      (3)   an action or proceeding pending against the converting partnership or limited partnership may be continued as if the conversion had not occurred.

      History:   L. 1998, ch. 93, § 48; Jan. 1, 1999.