Vt. Stat. Ann. tit. 11, § 3284
Effect of conversion; entity unchanged
Redline — July 1, 2021 → current.View current text →
Current — June 1, 2022
As of July 1, 2021
(1) A partnership or limited partnership that has been converted pursuant to this subchapter is for all purposes the same entity that existed before the conversion.
(1) A partnership or limited partnership that has been converted pursuant to this subchapter is for all purposes the same entity that existed before the conversion.
(2) When a conversion takes effect: all property owned by the converting partnership or limited partnership remains vested in the converted entity;
(2) When a conversion takes effect: all property owned by the converting partnership or limited partnership remains vested in the converted entity;
(3) all obligations of the converting partnership or limited partnership continue as obligations of the converted entity; and
(3) all obligations of the converting partnership or limited partnership continue as obligations of the converted entity; and
(4) an action or proceeding pending against the converting partnership or limited partnership may be continued as if the conversion had not occurred. Added 1997, No. 149 (Adj. Sess.), § 1, eff. Jan. 1, 1999.
(4) an action or proceeding pending against the converting partnership or limited partnership may be continued as if the conversion had not occurred.
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.