Texas Business Organizations Code

§ 101.630 — EFFECT OF CONVERSION

BO § 101.630Title 3. LIMITED LIABILITY COMPANIES · Ch. 101. LIMITED LIABILITY COMPANIES · Art. M. SERIES LIMITED LIABILITY COMPANY

Statute text

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When a conversion takes effect:

(1)the converting series continues to exist without interruption in the form of the converted series rather than in the form of the converting series;

(2)all rights, title, and interests to all property owned by the converting series continues to be owned, subject to any existing liens or other encumbrances on the property, by the converted series in the new form without:

(A)reversion or impairment;

(B)further act or deed; or

(C)any transfer or assignment having occurred;

…

Legislative history

Added by Acts 2021, 87th Leg., R.S., Ch. 43 (S.B. 1523), Sec. 1, eff. June 1, 2022.