§ 59-1060 – Conversion.
59-1060. Conversion. A domestic limited partnership may convert to a different business entity if: (1) The conversion is permitted by the laws of the state or country governing the organization and internal affairs of such other business entity; and (2) The converting domestic limited partnership complies with the requirements of this Part and, to the […]
§ 59-1061 – Plan of conversion.
59-1061. Plan of conversion. (a) The converting domestic limited partnership shall approve a written plan of conversion containing: (1) The name of the converting domestic limited partnership; (2) The name of the resulting business entity into which the domestic limited partnership shall convert, its type of business entity, and the state or country whose laws […]
§ 59-1062 – Articles of conversion.
59-1062. Articles of conversion. (a) After a plan of conversion has been approved by the converting domestic limited partnership as provided in G.S. 59-1061, the converting domestic limited partnership shall deliver articles of conversion to the Secretary of State for filing. The articles of conversion shall state: (1) The name of the converting domestic limited […]
§ 59-1063 – Effects of conversion.
59-1063. Effects of conversion. (a) When the conversion takes effect: (1) The converting domestic limited partnership ceases its prior form of organization and continues in existence as the resulting business entity; (2) The title to all real estate and other property owned by the converting domestic limited partnership continues vested in the resulting business entity […]
§ 59-1005 – Dismissal of action.
59-1005. Dismissal of action. Such action shall not be discontinued, dismissed, compromised or settled without the approval of the court. If the court shall determine that the interest of the partners or of the creditors of the partnership will be substantially affected by such discontinuance, dismissal, compromise, or settlement, the court, in its discretion, may […]
§ 59-1006 – Construction.
59-1006. Construction. The provisions of this Article shall not be construed to deprive a partner of whatever rights of action he may possess in his individual capacity. (1985 (Reg. Sess., 1986), c. 989, s. 2.)
§ 59-1050 – Conversion.
59-1050. Conversion. A business entity other than a domestic limited partnership may convert to a domestic limited partnership if: (1) The conversion is permitted by the laws of the state or country governing the organization and internal affairs of the converting business entity; and (2) The converting business entity complies with the requirements of this […]
§ 59-1051 – Plan of conversion.
59-1051. Plan of conversion. (a) The converting business entity shall approve a written plan of conversion containing: (1) The name of the converting business entity, its type of business entity, and the state or country whose laws govern its organization and internal affairs; (2) The name of the resulting domestic limited partnership into which the […]
§ 59-1052 – Filing of certificate of limited partnership.
59-1052. Filing of certificate of limited partnership. (a) After a plan of conversion has been approved by the converting business entity as provided in G.S. 59-1051, a certificate of limited partnership shall be delivered to the Secretary of State for filing. In addition to the matters required or permitted by G.S. 59-201, the certificate of […]
§ 59-1053 – Effects of conversion.
59-1053. Effects of conversion. When the conversion takes effect: (1) The converting business entity ceases its prior form of organization and continues in existence as the resulting domestic limited partnership; (2) The title to all real estate and other property owned by the converting business entity continues vested in the resulting domestic limited partnership without […]