Maryland Code, Corporations and Associations § 4A-213

(1) All property owned by the converting general or limited partnership or the converting proprietorship remains vested in the converted entity;

(2) All obligations and liabilities of the converting general or limited partnership or the converting proprietorship remain vested in the converted entity; and

(3) An action or proceeding pending against the converting general or limited partnership or the converting proprietorship may be continued as if the conversion had not occurred.