§47B-9-1. Definitions
In this article: (1) "General partner" means a partner in a partnership and a general partner in a limited partnership.
§47B-9-2. Conversion of Partnership to Limited Partnership
(a) A partnership may be converted to a limited partnership pursuant to this section. (b) 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. (c) After the conversion is […]
§47B-9-3. Conversion of Limited Partnership to Partnership
(a) A limited partnership may be converted to a partnership pursuant to this section. (b) 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. (c) After the conversion is approved by […]
§47B-9-4. Effect of Conversion; Entity Unchanged
(a) A partnership or limited partnership that has been converted pursuant to this article is for all purposes the same entity that existed before the conversion. (b) When a conversion takes effect: (1) All property owned by the converting partnership or limited partnership remains vested in the converted entity;
§47B-9-5. Merger of Partnerships
(a) Pursuant to a plan of merger approved as provided in subsection (c) of this section, a partnership may be merged with one or more partnerships or limited partnerships. (b) The plan of merger must set forth: (1) The name of each partnership or limited partnership that is a party to the merger;
§47B-9-6. Effect of Merger
(a) When a merger takes effect: (1) The separate existence of every partnership or limited partnership that is a party to the merger, other than the surviving entity, ceases;
§47B-9-7. Statement of Merger
(a) After a merger, the surviving partnership or limited partnership may file a statement that one or more partnerships or limited partnerships have merged into the surviving entity. (b) A statement of merger must contain: (1) The name of each partnership or limited partnership that is a party to the merger;
§47B-9-8. Nonexclusive
This article is not exclusive. Partnerships or limited partnerships may be converted or merged in any other manner provided by law.