Conversion to business trust not to affect liabilities incurred prior to conversion.

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47-14A-87. Conversion to business trust not to affect liabilities incurred prior to conversion.

The conversion of any other business entity into a business trust may not be deemed to affect any obligations or liabilities of the other business entity incurred prior to its conversion to a business trust, or the personal liability of any person incurred prior to such conversion.

Source: SL 2001, ch 245, §87.


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