1. I. A partnership, limited partnership, or limited liability company that has been converted pursuant to RSA 304-A:56 or 304-A:57 is for all purposes the same entity that existed before the conversion.

2. II. When a conversion takes effect:

   1. (a) All property owned by the converting partnership, limited partnership, or limited liability company remains vested in the converted entity;
   2. (b) All obligations of the converting partnership, limited partnership, or limited liability company continue as obligations of the converted entity; and
   3. (c) An action or proceeding pending against the converting partnership, limited partnership or limited liability company may be continued as if the conversion had not occurred.

Source. 1997, 120:9, eff. Aug. 8, 1997.