There is a newer version
of
this Section
2017 Maryland Code
Corporations and Associations
Title 10 - Limited Partnership Act
Subtitle 7A - Conversions of Limited Partnerships.
§ 10-7A-06. Completion of conversion.
Universal Citation: MD Corp & Assn Code § 10-7A-06 (2017)
- (a) Other entity to limited partnership. -- The conversion of an other entity to a limited partnership shall be completed on the later of:
- (1) The formation of the limited partnership in accordance with this title; or
- (2) The effectiveness of articles of conversion filed for record with the Department.
- (b) Limited partnership to other entity. -- The conversion of a limited partnership to an other entity shall be completed on the effectiveness of articles of conversion filed for record with the Department.
- (c) Effective date of articles of conversion. -- Articles of conversion shall be effective on the later of:
- (1) The time the Department accepts the articles of conversion for record; or
- (2) The future effective time of the articles of conversion set forth in the articles of conversion that have been accepted by the Department for record.
- (d) Effects of completion of conversion. --
- (1) (i) Except as provided in subparagraph (ii) of this paragraph, at the time the conversion of an other entity to a limited partnership is completed:
- 1. The other entity shall be converted to a limited partnership;
- 2. The conversion shall have the effects set forth in § 10-7A-04 of this subtitle; and
- 3. The limited partnership shall be subject to all of the provisions of this title.
- (ii) Notwithstanding § 10-201 of this title, the existence of the limited partnership as a domestic limited partnership shall be deemed to have commenced on the date the other entity commenced its existence in the place in which the other entity was first incorporated, created, formed, or otherwise came into being.
- (2) At the time the conversion of a limited partnership to an other entity is completed, the conversion shall have the effects set forth in § 10-7A-04 of this subtitle.
- (1) (i) Except as provided in subparagraph (ii) of this paragraph, at the time the conversion of an other entity to a limited partnership is completed:
Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
