§ 61-1-908. Nonexclusive
This part is not exclusive. Partnerships or limited partnerships may be converted or merged in any other manner provided by law.
§ 61-1-903. Conversion of Limited Partnership to Partnership
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 […]
§ 61-1-904. Effect of Conversion
A partnership or limited partnership that has been converted pursuant to this part is for all purposes the same entity that existed before the conversion. When a conversion takes effect: All property owned by the converting partnership or limited partnership remains vested in the converted entity; All obligations of the converting partnership or limited partnership […]
§ 61-1-905. Merger of Partnerships
Pursuant to a plan of merger approved as provided in subsection (c), a partnership may be merged with one (1) or more partnerships or limited partnerships. The plan of merger must set forth: The name of each partnership or limited partnership that is a party to the merger; The name of the surviving entity into […]
§ 61-1-906. Effect of Merger
When a merger takes effect: The separate existence of every partnership or limited partnership that is a party to the merger, other than the surviving entity, ceases; All property owned by each of the merged partnerships or limited partnerships vests in the surviving entity; All obligations of every partnership or limited partnership that is a […]
§ 61-1-907. Statement of Merger
After a merger, the surviving partnership or limited partnership may file a statement that one (1) or more partnerships or limited partnerships have merged into the surviving entity. A statement of merger must contain: The name of each partnership or limited partnership that is a party to the merger; The name of the surviving entity […]
§ 61-1-901. Definitions
In this part: “General partner” means a partner in a partnership and a general partner in a limited partnership; “Limited partner” means a limited partner in a limited partnership; “Limited partnership” means a limited partnership created under the Revised Uniform Limited Partnership Act of this state, compiled in chapter 2 of this title, predecessor law, […]
§ 61-1-902. Conversion of Partnership to Limited Partnership
A partnership may be converted to a limited partnership pursuant to this section. The terms and conditions of a conversion of a partnership to a limited partnership must be approved by all of the partners or by a number or percentage specified for conversion in the partnership agreement. After the conversion is approved by the […]