Current as of January 01, 2019 | Updated by FindLaw Staff
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1. Same entity. A partnership that has been converted pursuant to this subchapter is for all purposes the same entity that existed before the conversion.
2. Effective date. When a conversion takes effect:
A. All property owned by the converting partnership remains vested in the converted entity;
B. All obligations of the converting partnership continue as obligations of the converted entity; and
C. An action or proceeding pending by or against the converting partnership may be continued as if the conversion had not occurred.
Cite this article: FindLaw.com - Maine Revised Statutes Title 31. Partnerships and Associations § 1094. Effect of conversion - last updated January 01, 2019 | https://codes.findlaw.com/me/title-31-partnerships-and-associations/me-rev-st-tit-31-sect-1094/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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