§ 17-21-903 — 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:
(i) All property owned by the converting partnership
or limited partnership remains vested in the converted entity;
(ii) All obligations of the converting partnership or
limited partnership continue as obligations of the converted
entity; and
(iii) An action or proceeding pending against the
converting partnership or limited partnership may be continued
as if the conversion had not occurred.