Section 304-A:58 Effect of Conversion; Entity Unchanged.


   I. A partnership, limited partnership, or limited liability company that has been converted pursuant to RSA 304-A:56 or 304-A:57 is for all purposes the same entity that existed before the conversion.
   II. When a conversion takes effect:
      (a) All property owned by the converting partnership, limited partnership, or limited liability company remains vested in the converted entity;
      (b) All obligations of the converting partnership, limited partnership, or limited liability company continue as obligations of the converted entity; and
      (c) An action or proceeding pending against the converting partnership, limited partnership or limited liability company may be continued as if the conversion had not occurred.

Source. 1997, 120:9, eff. Aug. 8, 1997.