As Amended
SEC. 79-13-904. Effect of conversion; entity unchanged.
(a) A 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 remains vested in the converted entity;
(2) All obligations of the converting partnership continue as obligations of the converted entity; and
(3) An action or proceeding pending against the converting partnership may be continued as if the conversion had not occurred.
(c) Except for the provisions of Section 79-13-902 and this section, from and after the effective date of conversion the converted limited partnership shall be governed by the provisions of the Mississippi Limited Partnership Act.
SOURCES: Laws, 2004, ch. 458, § 904, SB 2504, eff from and
after Jan. 1, 2005.