§ 31 §1442 — Power of general partners and persons dissociated as general partners to bind organization after conversion or merger

1.
Act of general partner before conversion or merger.
An act of a person that immediately before a conversion or merger became effective was a general partner in a converting or constituent limited partnership binds the converted or surviving organization after the conversion or merger becomes effective if:
2.
Act of dissociated general partner before conversion or merger.
An act of a person that before a conversion or merger became effective was dissociated as a general partner from a converting or constituent limited partnership binds the converted or surviving organization after the conversion or merger becomes effective if:
3.
Liable for damage.
If a person having knowledge of the conversion or merger causes a converted or surviving organization to incur an obligation under subsection 1 or 2, the person is liable:

Legislative History

PL 2005, c. 543, §C2 (NEW).