Okla. Stat. tit. 54, § 54-1-904
This is the official text of Okla. Stat. tit. 54, § 54-1-904, part of Oklahoma’s Stat. tit. 54, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 54,." Browse the sections below, each linked to its official government source.
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Effect of conversion - Entity unchanged
Official statutory text
Effect of Conversion; Entity Unchanged.
(a) An organization 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 organization remains
vested in the converted organization;
(2) all debts, liabilities and other obligations of the
converting organization continue as obligations of the converted
organization;
(3) an action or proceeding pending against the converting
organization may be continued as if the conversion had not occurred;
(4) except as prohibited by other law, all of the rights,
privileges, immunities, powers, and purposes of the converting
organization remain vested in the converted organization;
(5) except as otherwise provided in the plan of conversion, the
terms and conditions of the plan of conversion take effect; and
(6) except as otherwise agreed, the conversion does not
dissolve a converting partnership for the purposes of Article 8.
(c) A converted organization that is a foreign organization
consents to the jurisdiction of the courts of this state to enforce
any obligation owed by the converting partnership, if before the
conversion the converting partnership was subject to suit in this
state on the obligation. A converted organization that is a foreign
organization and not authorized to transact business in this state
appoints the Secretary of State as its agent for service of process
for purposes of enforcing an obligation under this subsection.
(a) An organization 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 organization remains
vested in the converted organization;
(2) all debts, liabilities and other obligations of the
converting organization continue as obligations of the converted
organization;
(3) an action or proceeding pending against the converting
organization may be continued as if the conversion had not occurred;
(4) except as prohibited by other law, all of the rights,
privileges, immunities, powers, and purposes of the converting
organization remain vested in the converted organization;
(5) except as otherwise provided in the plan of conversion, the
terms and conditions of the plan of conversion take effect; and
(6) except as otherwise agreed, the conversion does not
dissolve a converting partnership for the purposes of Article 8.
(c) A converted organization that is a foreign organization
consents to the jurisdiction of the courts of this state to enforce
any obligation owed by the converting partnership, if before the
conversion the converting partnership was subject to suit in this
state on the obligation. A converted organization that is a foreign
organization and not authorized to transact business in this state
appoints the Secretary of State as its agent for service of process
for purposes of enforcing an obligation under this subsection.
Status: in_force · Read it on the official government site
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