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

Montana Statutes

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

Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 10 PARTNERSHIPS IN GENERAL·Part 6 Dissolution and Winding Up

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.

Montana § 35-10-637 (Effect Of Conversion -- Entity Unchanged) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.