South Dakota Statutes
§ 48-7A-904 — Effect of conversion; entity unchanged.
(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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South Dakota § 48-7A-904 (Effect of conversion; entity unchanged.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 2001, ch 249, § 904.
Nearby Sections
15
§ 48-7-1001
Right of action.§ 48-7-1002
Proper plaintiff.§ 48-7-1003
Pleading.§ 48-7-1004
Expenses.§ 48-7-101
Definitions.§ 48-7-102
Name.§ 48-7-103
Reservation of name.§ 48-7-104
Specified office and agent.§ 48-7-105
Records to be kept.§ 48-7-106
Nature of business.§ 48-7-1101
Construction and application.§ 48-7-1102
Short title.§ 48-7-1103
Severability.