Effect of conversion
31 M.R.S. §1094
in effect1094. Effect of conversion
1. Same entity. A partnership that has been converted pursuant to this subchapter is for all purposes the same entity that existed before the conversion.
2. Effective date. When a conversion takes effect:
A. All property owned by the converting partnership remains vested in the converted entity;
B. All obligations of the converting partnership continue as obligations of the converted entity; and
C. An action or proceeding pending by or against the converting partnership may be continued as if the conversion had not occurred.
PL 2005, c. 543, §A2 (NEW).
Source: Maine Legislature, Office of the Revisor of Statutes (legislature.maine.gov)URL: https://legislature.maine.gov/statutes/31/title31sec1094.htmlFetched: 10/20/2026