Montana § 35-10-636 Conversion Of Limited Partnership To Partnership

Montana Statutes

§ 35-10-636 — Conversion Of Limited Partnership To Partnership

Montana § 35-10-636

Title 35CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Ch. 10PARTNERSHIPS IN GENERAL

Part 6Dissolution and Winding Up

This text of Montana § 35-10-636 (Conversion Of Limited Partnership To Partnership) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 35-10-636 (2026).

Text

35-10-636 . Conversion of limited partnership to partnership.

(1)A limited partnership may be converted to a partnership pursuant to this section.

(2)Notwithstanding a provision to the contrary in a limited partnership agreement, the terms and conditions of a conversion of a limited partnership to a partnership must be approved by all the partners.

(3)After the conversion is approved by the partners, the limited partnership shall cancel its certificate of limited partnership pursuant to 35-12-603 .

(4)The conversion takes effect when the certificate of limited partnership is canceled.

(5)A limited partner who becomes a partner as a result of the conversion remains liable only as a limited partner for an obligation incurred by the limited partnership before the conversion takes effect.

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35-10-636 . Conversion of limited partnership to partnership. (1) A limited partnership may be converted to a partnership pursuant to this section.
(2) Notwithstanding a provision to the contrary in a limited partnership agreement, the terms and conditions of a conversion of a limited partnership to a partnership must be approved by all the partners.
(3) After the conversion is approved by the partners, the limited partnership shall cancel its certificate of limited partnership pursuant to 35-12-603 .
(4) The conversion takes effect when the certificate of limited partnership is canceled.
(5) A limited partner who becomes a partner as a result of the conversion remains liable only as a limited partner for an obligation incurred by the limited partnership before the conversion takes effect. The limited partner is liable as a partner for an obligation of the partnership for which the partner is personally liable under 35-10-307 or 35-10-629 and which arises or is incurred after the conversion takes effect.