Colorado § 7-90-202 Effect of conversion - entity unchanged

Colorado Statutes

§ 7-90-202 — Effect of conversion - entity unchanged

Colorado·Title 07 Corporations·Art. Colorado Corporations and Associations Act

(1)When a conversion takes effect, the converting entity is converted into the resulting entity, and the resulting entity is thereafter subject to all of the provisions of the organic statutes.

(2)Unless otherwise agreed, the conversion of any converting entity into a resulting entity shall not be deemed to affect any obligations of the converting entity incurred prior to the conversion to the resulting entity or the personal liability of any person incurred prior to such conversion.

(3)Unless otherwise agreed or otherwise provided by the organic statutes, other than this article, the converting entity shall not be required to wind up the entity's affairs or pay obligations and distribute the entity's assets, and the conversion shall not be deemed to constitute a dissolution o

Free access — add to your briefcase to read the full text and ask questions with AI

(1) When a conversion
takes effect, the converting entity is converted into the resulting entity, and the
resulting entity is thereafter subject to all of the provisions of the organic statutes.

(2) Unless otherwise agreed, the conversion of any converting entity into a
resulting entity shall not be deemed to affect any obligations of the converting
entity incurred prior to the conversion to the resulting entity or the personal liability
of any person incurred prior to such conversion.

(3) Unless otherwise agreed or otherwise provided by the organic statutes,
other than this article, the converting entity shall not be required to wind up the
entity's affairs or pay obligations and distribute the entity's assets, and the
conversion shall not be deemed to constitute a dissolution of the converting entity
and shall constitute a continuation of the existence of the converting entity in the
form of the resulting entity.

(4) The resulting entity is the same entity as the converting entity.

Colorado § 7-90-202 (Effect of conversion - entity unchanged) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2000: Entire part R&RE, p. 967, � 46, effective July 1. L. 2004: (1) and (3) amended, p. 1472, � 204, effective July 1. L. 2019: (1) amended, (SB 19-086), ch. 166, p. 1913, � 6, effective July 1, 2020.