Md. Code Ann., Corps. & Ass'ns § 10-7A-01
Conversion of limited partnership to other business entity
Effective Oct 1, 2013Added by Acts 2013, c. 527, § 2, eff. Oct. 1, 2013; Acts 2013, c. 528, § 2, eff. Oct. 1, 2013.State of Maryland
(a) In this subtitle, “other entity” means:
- (1) A Maryland corporation incorporated under Title 2 of this article;
- (2) A foreign corporation, as defined in § 1-101 of this article;
- (3) A domestic limited liability company, as defined in § 4A-101 of this article;
- (4) A foreign limited liability company, as defined in § 4A-101 of this article;
- (5) A partnership, as defined in § 9A-101 of this article;
- (6) A business trust, as defined in § 1-101 of this article;
- (7) An other form of unincorporated business formed under the laws of this State or the laws of the United States, another state of the United States, a territory, possession, or district of the United States, or a foreign country; or
- (8) A foreign limited partnership, including a foreign limited partnership registered or denominated as a limited liability limited partnership under the laws of a state other than this State.
(b) Unless the partnership agreement provides otherwise, a limited partnership may convert to an other entity by:
- (1) Approving the conversion in accordance with § 10-7A-02 of this subtitle; and
- (2) Filing for record with the Department articles of conversion executed in the manner required by § 10-204 of this title.
(c) An other entity may convert to a limited partnership by complying with the requirements of § 10-7A-02 of this subtitle and filing for record with the Department:
- (1) Articles of conversion executed in the manner required by § 10-204 of this title; and
- (2) A certificate of limited partnership that complies with § 10-201 of this title and, in the case of the conversion of an other entity to a limited liability partnership, § 10-805 of this title, executed in the manner required by § 10-204 of this title.
Added by Acts 2013, c. 527, § 2, eff. Oct. 1, 2013; Acts 2013, c. 528, § 2, eff. Oct. 1, 2013.