California Corporations Code

§ 16955

CORP § 16955 Effective Jan 1, 2018Title 2 · Ch. 5 · Art. 10

Statute text

(a)A domestic partnership, other than a limited partnership, may convert to a registered limited liability partnership by the vote of the partners possessing a majority of the interests of its partners in the current profits of the partnership or by a different vote as may be required in its partnership agreement.

(b)When such a conversion takes effect, all of the following apply:

(1)All property, real and personal, tangible and intangible, of the converting partnership remains vested in the converted registered limited liability partnership.

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Legislative history

Amended by Stats. 2017, Ch. 561, Sec. 26. (AB 1516) Effective January 1, 2018.