29-371. 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.


3. An action or proceeding pending against the converting partnership or limited
partnership may be continued as if the conversion had not occurred.