194

(a) 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.\n(b) When a conversion takes effect:\n(1) all property owned by the converting partnership or limited partnership remains vested in the converted entity;\n(2) all obligations of the converting partnership or limited partnership continue as obligations of the converted entity; and\n(3) an action or proceeding pending against the converting partnership or limited partnership may be continued as if the conversion had not occurred.