Part 10A. Conversion to Limited Partnership.

§ 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 part and, to the extent applicable, the laws referred to in subdivision (1) of this section. (1999‑369, s. 4.8; 2001‑387, s. 139.)