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2017 Wyoming Statutes
TITLE 17 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
CHAPTER 16 - WYOMING BUSINESS CORPORATION ACT
ARTICLE 11 - MERGER, SHARE EXCHANGE, CONSOLIDATION AND CONVERSION
SECTION 17-16-1116 - Effect of conversion.
Universal Citation: WY Stat § 17-16-1116 (2017)
17-16-1116. Effect of conversion.
(a) Upon conversion:
(i) All property owned by the corporation remains in the limited liability company;
(ii) All obligations of the converting corporation continue as obligations of the resulting limited liability company; and
(iii) An action or proceeding pending against the converting corporation may be continued as if the conversion had not occurred.
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