- A limited partnership may be converted to a partnership pursuant to this section.
- Notwithstanding a provision to the contrary in a limited partnership agreement, the terms and conditions of a conversion of a limited partnership to a partnership must be approved by all of the partners.
- After the conversion is approved by the partners, the limited partnership shall cancel its certificate of limited partnership.
- The conversion takes effect when the certificate of limited partnership is canceled.
- A limited partner who becomes a general partner as a result of the conversion remains liable only as a limited partner for an obligation incurred by the limited partnership before the conversion takes effect. The partner is liable as a general partner for an obligation of the partnership incurred after the conversion takes effect.