GroundRules
← Search the law
Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 54, § 54-500-1105A: Effect of conversion

Read at publisher ↗
Where this section sits in the code
  1. OK Code
  2. Title 54

EFFECT OF CONVERSION.

(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 by or 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;

(6) except as otherwise agreed, the conversion does not

dissolve a converting limited partnership for the purposes of

Article 8 of this act; and

(7) the conversion does not authorize a converted organization

that is a foreign organization to transact business in this state.

(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 limited partnership, if before

the conversion the converting limited 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. Service on the Secretary of State under this subsection

is made in the same manner and with the same consequences as in

Section 17 of this act.

Collected 2026-09-14T18:32:36Z. Source file · JSON

Browse this collection