Nebraska § 67-449 Effect of conversion; entity unchanged

Nebraska Statutes

§ 67-449 — Effect of conversion; entity unchanged

Nebraska·Ch. 67 Partnerships

(1)A partnership or limited partnership that has been converted pursuant to sections 67-446 to 67-453 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.

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

(1) A partnership or limited partnership that has been converted pursuant to sections 67-446 to 67-453 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.

Nebraska § 67-449 (Effect of conversion; entity unchanged) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.