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Section 17-21-903 - Effect of Conversion; Entity Unchanged — Wyoming Law | CourtGPT
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  7. Section 17-21-903 - Effect of Conversion; Entity Unchanged
Wyoming Legal Code

Section 17-21-903 - Effect of Conversion; Entity Unchanged

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17-21-903. Effect of conversion; entity unchanged. (a) A partnership or 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: (i) All property owned by the converting partnership or limited partnership remains vested in the converted entity; (ii) All obligations of the converting partnership or limited partnership continue as obligations of the converted entity; and (iii) An action or proceeding pending against the converting partnership or limited partnership may be continued as if the conversion had not occurred.