New Jersey § 42:2c-81

§ 42:2c-81.

Effect of Conversion. a. An organization that has been converted pursuant to this Article 10 (sections 73

through 87 of this act 1 ) 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, obligations, or other liabilities of the converting organization continue

as debts, obligations, or other liabilities 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 law other than this act, 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; and (6) except as otherwise agreed, the conversion does not dissolve a converting limited

liability company for the purposes of Article 7, Dissolution and Winding Up (sections

48 through 56 of this act 2 ). c. A converted organization that is a foreign organization consents to the jurisdiction

of the courts of this State to enforce any debt, obligation, or other liability for

which the converting limited liability company is liable if, before the conversion,

the converting limited liability company was subject to suit in this State on the

debt, obligation, or other liability. A converted organization that is a foreign organization and not authorized to transact

business in this State appoints the filing office as its agent for service of process

for purposes of enforcing a debt, obligation, or other liability under this subsection. Service on the filing office under this subsection shall be made in the same manner

and has the same consequences as in subsections c. and d. of section 17 of this act. 3 1

L.2012, c. 50 (N.J.S.A. §§ 42:2C-73 through 42:2C-87). 2

L.2012, c. 50 (N.J.S.A. §§ 42:2C-48 through 42:2C-56). 3

L.2012, c. 50 (N.J.S.A. § 42:2C-17).