The Florida Senate

620.8904  Effect of conversion; entity unchanged.--

(1)  A partnership or limited partnership that has been converted pursuant to s. 620.8902 or s. 620.8908 is for all purposes the same entity that existed before the conversion.

(2)  When a conversion takes effect:

(a)  Title to all personal property owned by the converting partnership or limited partnership remains vested in the converted entity. Title to all real property owned by the converting partnership or limited partnership shall be transferred by deed to the converted entity; and

(b)  All liabilities and obligations of the converting partnership or limited partnership continue as liabilities and obligations of the converted entity.

(3)  A claim existing or action or proceeding pending by or against a converting partnership or limited partnership may be continued as if the conversion had not occurred.

(4)  Neither the rights of creditors of a converting partnership or limited partnership nor any liens upon the property of a converting partnership or limited partnership are impaired by a conversion.

History.--s. 13, ch. 95-242.