67-449 Effect of conversion; entity unchanged. - Nebraska Statutes

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67-449. Effect of conversion; entity unchanged.(1) A partnership or limited partnership that has been converted pursuant to sections 67-446 to 67-453 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. SourceLaws 1997, LB 523, § 49.

State Codes and Statutes

Statutes > Nebraska > Chapter67 > 67-449

67-449. Effect of conversion; entity unchanged.(1) A partnership or limited partnership that has been converted pursuant to sections 67-446 to 67-453 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. SourceLaws 1997, LB 523, § 49.

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State Codes and Statutes

Statutes > Nebraska > Chapter67 > 67-449

67-449. Effect of conversion; entity unchanged.(1) A partnership or limited partnership that has been converted pursuant to sections 67-446 to 67-453 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. SourceLaws 1997, LB 523, § 49.