(a)    The conversion of an other entity to a limited partnership shall be completed on the later of:

(1)    The formation of the limited partnership in accordance with this title; or

(2)    The effectiveness of articles of conversion filed for record with the Department.

(b)    The conversion of a limited partnership to an other entity shall be completed on the effectiveness of articles of conversion filed for record with the Department.

(c)    Articles of conversion shall be effective on the later of:

(1)    The time the Department accepts the articles of conversion for record; or

(2)    The future effective time of the articles of conversion set forth in the articles of conversion that have been accepted by the Department for record.

(d)    (1)    (i)    Except as provided in subparagraph (ii) of this paragraph, at the time the conversion of an other entity to a limited partnership is completed:

1.    The other entity shall be converted to a limited partnership;

2.    The conversion shall have the effects set forth in § 10–7A–04 of this subtitle; and

3.    The limited partnership shall be subject to all of the provisions of this title.

(ii)    Notwithstanding § 10–201 of this title, the existence of the limited partnership as a domestic limited partnership shall be deemed to have commenced on the date the other entity commenced its existence in the place in which the other entity was first incorporated, created, formed, or otherwise came into being.

(2)    At the time the conversion of a limited partnership to an other entity is completed, the conversion shall have the effects set forth in § 10–7A–04 of this subtitle.