§ 7-13.1-1141. Conversion authorized. [Effective January 1, 2023.]
(a) By complying with this subpart, a domestic limited partnership may become:
(1) A domestic entity that is a different type of entity; or
(2) A foreign entity that is a different type of entity, if the conversion is authorized by the law of the foreign entity’s jurisdiction of formation.
(b) By complying with the provisions of this subpart applicable to foreign entities, a foreign entity that is not a foreign limited partnership may become a domestic limited partnership if the conversion is authorized by the law of the foreign entity’s jurisdiction of formation.
(c) If a protected agreement contains a provision that applies to a merger of a domestic limited partnership but does not refer to a conversion, the provision applies to a conversion of the partnership as if the conversion were a merger until the provision is amended after January 1, 2023.
History of Section.P.L. 2022, ch. 121, § 2, effective January 1, 2023; P.L. 2022, ch. 122, § 2, effective January 1, 2023.
Structure Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-13.1 - Uniform Limited Partnership Act [Effective January 1, 2023.]
Part 11 - Merger, Interest Exchange, Conversion, and Domestication [Effective January 1, 2023.]
Subpart 4 - Conversion [Effective January 1, 2023.]
Section 7-13.1-1141. - Conversion authorized. [Effective January 1, 2023.]
Section 7-13.1-1142. - Plan of conversion. [Effective January 1, 2023.]
Section 7-13.1-1143. - Approval of conversion [Effective January 1, 2023.]
Section 7-13.1-1144. - Amendment or abandonment of plan of conversion. [Effective January 1, 2023.]
Section 7-13.1-1146. - Effect of conversion. [Effective January 1, 2023.]