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56a-904

Chapter 56a.--KANSAS UNIFORM PARTNERSHIP ACT Article 9.--CONVERSIONS AND MERGERS

56a-904. Effect of conversion; entityunchanged.(a) A partnership or limited partnership that hasbeen converted pursuant to this article is for all purposes thesame entity that existed before the conversion.

(b) When a conversion takes effect:

(1) All property owned by the converting partnershipor limited partnership remains vested in the converted entity;

(2) all obligations of the converting partnership orlimited partnership continue as obligations of the convertedentity; and

(3) an action or proceeding pending against theconverting partnership or limited partnership may be continued asif the conversion had not occurred.

History: L. 1998, ch. 93, § 48; Jan. 1, 1999.

State Codes and Statutes

Statutes > Kansas > Chapter56a > Article9 > Statutes_22023

56a-904

Chapter 56a.--KANSAS UNIFORM PARTNERSHIP ACT Article 9.--CONVERSIONS AND MERGERS

56a-904. Effect of conversion; entityunchanged.(a) A partnership or limited partnership that hasbeen converted pursuant to this article is for all purposes thesame entity that existed before the conversion.

(b) When a conversion takes effect:

(1) All property owned by the converting partnershipor limited partnership remains vested in the converted entity;

(2) all obligations of the converting partnership orlimited partnership continue as obligations of the convertedentity; and

(3) an action or proceeding pending against theconverting partnership or limited partnership may be continued asif the conversion had not occurred.

History: L. 1998, ch. 93, § 48; Jan. 1, 1999.

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State Codes and Statutes

Statutes > Kansas > Chapter56a > Article9 > Statutes_22023

56a-904

Chapter 56a.--KANSAS UNIFORM PARTNERSHIP ACT Article 9.--CONVERSIONS AND MERGERS

56a-904. Effect of conversion; entityunchanged.(a) A partnership or limited partnership that hasbeen converted pursuant to this article is for all purposes thesame entity that existed before the conversion.

(b) When a conversion takes effect:

(1) All property owned by the converting partnershipor limited partnership remains vested in the converted entity;

(2) all obligations of the converting partnership orlimited partnership continue as obligations of the convertedentity; and

(3) an action or proceeding pending against theconverting partnership or limited partnership may be continued asif the conversion had not occurred.

History: L. 1998, ch. 93, § 48; Jan. 1, 1999.