2001 Minnesota Statutes

     323A.9-04 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. 

    HIST: 1997 c 174 art 9 s 48