State Codes and Statutes
Statutes > Tennessee > Title-61 > Chapter-1 > Part-9 > 61-1-90461-1-904. Effect of conversion.
(a) A partnership or limited partnership that has been converted pursuant to this part 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; and
(3) An action or proceeding pending against the converting partnership or limited partnership may be continued as if the conversion had not occurred.
[Acts 2001, ch. 353.]
