Alaska Statutes: AS 32.06.904. Effect of Conversion; Entity Unchanged.

Alaska Statutes. Title 32. Partnership Chapter 6. Uniform Partnership Act Section 904. Effect of Conversion; Entity Unchanged.

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AS 32.06.904. Effect of Conversion; Entity Unchanged.

(a) A partnership or limited partnership that has been converted under AS 32.06.902 - 32.06.908 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.

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