New Mexico § 54-1A-904 Effect of conversion; entity unchanged

New Mexico Statutes

§ 54-1A-904 — Effect of conversion; entity unchanged

New Mexico § 54-1A-904

Ch. 54Partnerships

Art. 9Conversions and Mergers.

This text of New Mexico § 54-1A-904 (Effect of conversion; entity unchanged) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 54-1A-904 (2026).

Text

(a)A partnership or limited partnership that has been converted pursuant to this article is for all purposes the same entity that existed before the conversion.

(b)When a conversion takes effect:

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

(2)all obligations of the converting partnership or limited partnership continue as obligations of the converted entity; and (3) 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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(a) A partnership or limited partnership that has been converted pursuant to this article is for all purposes the same entity that existed before the conversion. (b) When a conversion takes effect: (1) all property owned by the converting partnership or limited partnership remains vested in the converted entity; (2) all obligations of the converting partnership or limited partnership continue as obligations of the converted entity; and (3) an action or proceeding pending against the converting partnership or limited partnership may be continued as if the conversion had not occurred.