California Corporations Code

§ 15911.02

CORP § 15911.02 Effective Jan 1, 2007Title 2 · Ch. 4.5 · Art. 11

Statute text

(a)A limited partnership may be converted into another business entity or a foreign other business entity or a foreign limited partnership pursuant to this article if both of the following apply:

(1)Pursuant to a conversion into a domestic or foreign partnership or limited liability company or into a foreign limited partnership, each of the partners of the converting limited partnership receives a percentage interest in the profits and capital of the converted entity equal to that partner’s percentage interest in profits and capital of the converting limited partnership as of the effective time of the conversion.

(2)Pursuant to a conversion into an other business entity or foreign other business entity not specified in paragraph (1), both of the following occur:

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Legislative history

Added by Stats. 2006, Ch. 495, Sec. 20. Effective January 1, 2007. Section operative January 1, 2008, pursuant to Section 15912.04.