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Chapter 323A
Section 323A.0904
Topics
Recent History
- 2018 323A.0904 Amended 2018 c 103 s 35
This is an historical version of this statute chapter. Also view the most recent published version.
323A.0904 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; and
(3) an action or proceeding pending against the converting partnership or limited partnership
may be continued as if the conversion had not occurred.
History: 1997 c 174 art 9 s 48
(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; and
(3) an action or proceeding pending against the converting partnership or limited partnership
may be continued as if the conversion had not occurred.
History: 1997 c 174 art 9 s 48
Official Publication of the State of Minnesota
Revisor of Statutes