State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_59 > GS_59-1060

Part 10B. Conversion of LimitedPartnership.

§ 59‑1060.  Conversion.

A domestic limited partnershipmay convert to a different business entity if:

(1)        The conversion ispermitted by the laws of the state or country governing the organization andinternal affairs of such other business entity; and

(2)        The convertingdomestic limited partnership complies with the requirements of this Part and,to the extent applicable, the laws referred to in subdivision (1) of thissection. (2001‑387,s. 142.)