Kentucky Revised Statutes Title XXIII. Private Corporations and Associations § 272A.16-030.Effect of conversion

(a) All property owned by the converting entity remains vested in the converted entity;

(b) All debts, liabilities, and other obligations of the converting entity continue as obligations of the converted entity;

(c) An action or proceeding pending by or against the converting entity may be continued as if the conversion had not occurred;

(d) Except as prohibited by other law, all the rights, privileges, immunities, powers, and purposes of the converting entity remain vested in the converted entity;

(e) Except as otherwise provided in the plan of conversion, the terms and conditions of the plan of conversion take effect; and

(f) Except as otherwise provided in the plan of conversion, the conversion does not dissolve the converting entity.