Section 304-A:57 Conversion of Limited Partnership or Limited Liability Company to Partnership. - New Hampshire Statutes

   I. A limited partnership or a limited liability company may be converted to a partnership pursuant to this section and the laws applicable to such entities.
   II. After the conversion is approved by the partners of a limited partnership in accordance with applicable law, the limited partnership shall cancel its certificate of limited partnership.
   III. After the conversion is approved by the members of a limited liability company in accordance with applicable law, the limited liability company shall file a certificate of cancellation in the manner required by applicable law.
   IV. The conversion takes effect upon the effective date and time of the certificate of cancellation of the limited partnership or the certificate of cancellation of the limited liability company, as the case may be.
   V. A limited partner of a limited partnership or a member of a limited liability company who becomes a general partner as a result of the conversion remains liable only as a limited partner or a member for an obligation incurred by the limited partnership or the limited liability company before the conversion takes effect and is liable as a general partner for an obligation of the partnership incurred after the conversion takes effect.

Source. 1997, 120:9, eff. Aug. 8, 1997.