Effect of Conversion

1. Law
2. Tennessee Code
3. Partnerships
4. Revised Uniform Partnership Act
5. Conversions and Mergers
6. Effect of Conversion

1. A partnership or limited partnership that has been converted pursuant to this part is for all purposes the same entity that existed before the conversion.
2. 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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