§ 59-73.13 – Effects of conversion.
59-73.13. Effects of conversion. (a) When the conversion takes effect: (1) The converting business entity ceases its prior form of organization and continues in existence as the resulting domestic partnership; (2) The title to all real estate and other property owned by the converting business entity continues vested in the resulting domestic partnership without reversion […]
§ 59-73.20 – Conversion.
59-73.20. Conversion. A domestic 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 partnership complies with the requirements of this Part and, to the extent applicable, […]
§ 59-73.21 – Plan of conversion.
59-73.21. Plan of conversion. (a) The converting domestic partnership shall approve a written plan of conversion containing: (1) The name of the converting domestic partnership; (2) The name of the resulting business entity into which the domestic partnership shall convert, its type of business entity, and the state or country whose laws govern its organization […]
§ 59-73.22 – Articles of conversion.
59-73.22. Articles of conversion. (a) After a plan of conversion has been approved by the converting domestic partnership as provided in G.S. 59-73.21, the converting domestic 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 partnership; (2) The […]
§ 59-72 – Rights of retiring partner or estate of deceased partner when the business is continued.
59-72. Rights of retiring partner or estate of deceased partner when the business is continued. When any partner retires or dies, and the business is continued under any of the conditions set forth in G.S. 59-71, subsections (a), (b), (c), (e), (f), or G.S. 59-68, subdivision (b)(2), without any settlement of accounts as between him […]
§ 59-73 – Accrual of actions.
59-73. Accrual of actions. The right to an account of his interest shall accrue to any partner, or his legal representative, as against the winding up partners or the surviving partners or the person or partnership continuing the business, at the date of dissolution, in the absence of any agreement to the contrary. (1941, c. […]
§ 59-73.1 – Definitions.
59-73.1. Definitions. As used in this Article: (1) "Business entity" means a domestic corporation (including a professional corporation as defined in G.S. 55B-2), a foreign corporation (including a foreign professional corporation as defined in G.S. 55B-16), a domestic or foreign nonprofit corporation, a domestic or foreign limited liability company, a domestic or foreign limited partnership, […]
§ 59-73.2 – Recodified as § 0 by Session Laws 2001-387, s105(b).
59-73.2: Recodified as 59-73.20 by Session Laws 2001-387, s. 105(b).
§ 59-73.3 – Recodified as § 0 by Session Laws 2001-387, s105(b).
59-73.3: Recodified as 59-73.30 by Session Laws 2001-387, s. 105(b).
§ 59-67 – Right to wind up.
59-67. Right to wind up. Unless otherwise agreed the partners who have not wrongfully dissolved the partnership or the legal representative of the last surviving partner, not bankrupt, has the right to wind up the partnership affairs; provided, however, that any partner, his legal representative or his assignee, upon cause shown, may obtain winding up […]