2012 New Hampshire Revised Statutes
Title XXVIII - PARTNERSHIPS
Chapter 304-A - UNIFORM PARTNERSHIP ACT
Section 304-A:58 - Effect of Conversion; Entity Unchanged.


NH Rev Stat § 304-A:58 (2012) What's This?

    304-A:58 Effect of Conversion; Entity Unchanged. –
    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.
    II. When a conversion takes effect:
       (a) All property owned by the converting partnership, limited partnership, or limited liability company remains vested in the converted entity;
       (b) All obligations of the converting partnership, limited partnership, or limited liability company continue as obligations of the converted entity; and
       (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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