{"data":{"id":"us-nm/54-1a-904","jurisdiction":"us-nm","citation":"54-1A-904","heading":"Effect of conversion; entity unchanged.","body":"(a) A partnership or limited partnership that has been converted pursuant to this article is for all purposes the same entity that existed before the conversion.\n(b) When a conversion takes effect:\n(1) all property owned by the converting partnership or limited partnership remains vested in the converted entity;\n(2) all obligations of the converting partnership or limited partnership continue as obligations of the converted entity; and\n(3) an action or proceeding pending against the converting partnership or limited partnership may be continued as if the conversion had not occurred.","path":["Chapter 54 - Partnerships","ARTICLE 1A Uniform Partnerships"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18557/index.do","current_through":"2022-05-12","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"a7d461949b0e53939219131ea222a9fc2f7270ebba8e70324471054ba500e998","source_id":"us-nm","stale":false,"prev":"us-nm/54-1a-903","next":"us-nm/54-1a-905"},"notice":"GroundRules: Original legal text. Not legal advice."}