Effect of Conversion; Entity Unchanged

I. A partnership, limited partnership, or limited liability company that has been converted pursuant to RSA 304-A:56 or 304-A:57 is for all purposes the same entity that existed before the conversion. II. When a conversion takes effect: (a) All property owned by the converting partnership, limited partnership, or limited liability company remains vested in the converted entity; (b) All obligations of the converting partnership, limited partnership, or limited liability company continue as obligations of the converted entity; and (c) An action or proceeding pending against the converting partnership, limited partnership or limited liability company may be continued as if the conversion had not occurred.