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Section 54-1A-904 - Effect of conversion; entity unchanged.

NM Stat § 54-1A-904 (2019) (N/A)
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(a) A partnership or limited partnership that has been converted pursuant to this article is for all purposes the same entity that existed before the conversion.

(b) 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.

History: Laws 1996, ch. 53, § 904.

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Section 54-1A-903 - Conversion of limited partnership to partnership.
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Section 54-1A-905 - Merger of partnerships.