Section 50-73.127 - Effect of conversion; entity unchangedA. A 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 limited partnership remains vested in the resulting partnership;2. All obligations of the converting limited partnership continue as obligations of the resulting partnership; and3. An action or proceeding pending against the converting limited partnership may be continued as if the conversion had not occurred.1996, c. 292; 2007, c. 631.Amended by Acts 2007, § c.631.Amended by Acts 1996, § c. 292.