56a-904. Effect of conversion; entity unchanged.

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.