35-10-637. Effect of conversion -- entity unchanged. (1) A partnership or limited partnership that has been converted pursuant to 35-10-635 or 35-10-636 is for all purposes the same entity that existed before the conversion.
(2) When a conversion takes effect:
(a) all property owned by the converting partnership or limited partnership remains vested in the converted entity;
(b) all obligations of the converting partnership or limited partnership continue as obligations of the converted entity; and
(c) an action or proceeding pending against the converting partnership or limited partnership may be continued as if the conversion had not occurred.
History: En. Sec. 54, Ch. 238, L. 1993.
Structure Montana Code Annotated
Title 35. Corporations, Partnerships, and Associations
Chapter 10. Partnerships in General
Part 6. Dissolution and Winding Up
35-10-602. Partnership continues after dissolution
35-10-609. Right to wind up partnership business
35-10-616. Events causing partner's dissociation
35-10-617. Partner's wrongful dissociation
35-10-618. Effect of partner's dissociation
35-10-619. Purchase of dissociated partner's interest
35-10-620. Dissociated partner's power to bind partnership -- liability to partnership
35-10-621. Dissociated partner's liability to other persons
35-10-622. Statement of dissociation -- filing
35-10-623. Continued use of partnership name
35-10-624. Events causing dissolution and winding up of partnership business
35-10-625. Dissolution deferred 90 days
35-10-626. Partner's power to bind partnership after dissolution
35-10-627. Statement of dissolution
35-10-628. Partner's liability to other partners after dissolution
35-10-629. Settlement of accounts among partners
35-10-630. through 35-10-634 reserved
35-10-635. Conversion of partnership to limited partnership
35-10-636. Conversion of limited partnership to partnership
35-10-637. Effect of conversion -- entity unchanged
35-10-638. through 35-10-640 reserved
35-10-641. Merger of partnerships