Montana § 35-10-637 Effect Of Conversion -- Entity Unchanged

Montana Statutes

§ 35-10-637 — Effect Of Conversion -- Entity Unchanged

Montana § 35-10-637

Title 35CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Ch. 10PARTNERSHIPS IN GENERAL

Part 6Dissolution and Winding Up

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Bluebook

Mont. Code Ann. § 35-10-637 (2026).

Text

35-10-637 . Effect of conversion -- entity unchanged.

(1)A partnership or limited partnership that has been converted pursuant to 35-10-635 or 35-10-636 is for all purposes the same entity that existed before the conversion.

(2)When a conversion takes effect:

(a)all property owned by the converting partnership or limited partnership remains vested in the converted entity;

(b)all obligations of the converting partnership or limited partnership continue as obligations of the converted entity; and

(c)an action or proceeding pending against the converting partnership or limited partnership may be continued as if the conversion had not occurred.

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35-10-637 . Effect of conversion -- entity unchanged. (1) A partnership or limited partnership that has been converted pursuant to 35-10-635 or 35-10-636 is for all purposes the same entity that existed before the conversion.
(2) When a conversion takes effect:
(a) all property owned by the converting partnership or limited partnership remains vested in the converted entity;
(b) all obligations of the converting partnership or limited partnership continue as obligations of the converted entity; and
(c) an action or proceeding pending against the converting partnership or limited partnership may be continued as if the conversion had not occurred.