{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/13.1-1086.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/13.1-1086.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/13.1-1086.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/13.1-1086.html"}],"law_id":80660,"edition_id":1,"section_id":80660,"structure_id":15569,"section_number":"13.1-1086","catch_line":"Effect of entity conversion","history":"2016, c. 288.","full_text":"A\n\nWhen an entity conversion under this article becomes effective, with respect to that entity:1\n\nThe title to all real estate and other property remains in the resulting entity without reversion or impairment;2\n\nThe liabilities of the converting entity remain the liabilities of the resulting entity; and3\n\nA proceeding pending may be continued by or against the resulting entity as if the conversion did not occur.B\n\nWhen the resulting entity is a domestic stock corporation or business trust:1\n\nThe articles of incorporation or articles of trust attached to the articles of entity conversion constitute the articles of incorporation or articles of trust of the resulting entity;2\n\nThe interests of the converting entity are reclassified into shares or beneficial interests of the resulting entity in accordance with the plan of entity conversion; and the members of the converting entity are entitled only to the rights provided in the plan of entity conversion;3\n\nThe resulting entity is deemed to:\n\t\t\t\ta. Be a domestic stock corporation or business trust, as the case may be, for all purposes;\n\t\t\t\tb. Be the same stock corporation or business trust without interruption as the converting entity that existed before the conversion; and\n\t\t\t\tc. Have been incorporated or formed on the date that the converting entity was originally incorporated, organized, or formed;4\n\nThe converting entity shall cease to be a limited liability company when the certificate of entity conversion becomes effective; and5\n\nAny member of a converting entity who, before the conversion, was liable for the liabilities or obligations of the converting entity is not released from those liabilities or obligations by reason of the conversion.C\n\nWhen the converting entity is a partnership or a limited partnership:1\n\nThe articles of organization attached to the articles of entity conversion constitute the articles of organization of the resulting entity;2\n\nThe eligible interests of the converting entity are reclassified into membership interests in accordance with the plan of entity conversion; and the partners of the converting entity are entitled only to the rights provided in the plan of entity conversion;3\n\nThe resulting entity is deemed to:\n\t\t\t\ta. Be a domestic limited liability company for all purposes;\n\t\t\t\tb. Be the same limited liability company without interruption as the converting entity that existed before the conversion; and\n\t\t\t\tc. Have been organized on the date that the converting entity was originally formed, organized, or incorporated;4\n\nThe converting entity shall cease to be a partnership or limited partnership when the certificate of entity conversion becomes effective;5\n\nIf the converting entity is a partnership, a statement of partnership authority filed by the partnership that has not been canceled shall be deemed canceled when the certificate of entity conversion becomes effective;6\n\nIf the converting entity is a limited partnership, its certificate of limited partnership shall be deemed canceled when the certificate of entity conversion becomes effective;7\n\nIf the partnership or limited partnership is registered as a registered limited liability partnership, that status shall be deemed canceled when the certificate of entity conversion becomes effective; and8\n\nAny partner of a converting entity who, before the conversion, was liable for the liabilities or obligations of the converting entity is not released from those liabilities or obligations by reason of the conversion.","order_by":null,"text":{"0":{"id":289075,"text":"When an entity conversion under this article becomes effective, with respect to that entity:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":289076,"text":"The title to all real estate and other property remains in the resulting entity without reversion or impairment;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":289077,"text":"The liabilities of the converting entity remain the liabilities of the resulting entity; and","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":289078,"text":"A proceeding pending may be continued by or against the resulting entity as if the conversion did not occur.","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"B"},"4":{"id":289079,"text":"When the resulting entity is a domestic stock corporation or business trust:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A3","next_prefix":"B1"},"5":{"id":289080,"text":"The articles of incorporation or articles of trust attached to the articles of entity conversion constitute the articles of incorporation or articles of trust of the resulting entity;","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2,"prior_prefix":"B","next_prefix":"B2"},"6":{"id":289081,"text":"The interests of the converting entity are reclassified into shares or beneficial interests of the resulting entity in accordance with the plan of entity conversion; and the members of the converting entity are entitled only to the rights provided in the plan of entity conversion;","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B1","next_prefix":"B3"},"7":{"id":289082,"text":"The resulting entity is deemed to:\n\t\t\t\ta. Be a domestic stock corporation or business trust, as the case may be, for all purposes;\n\t\t\t\tb. Be the same stock corporation or business trust without interruption as the converting entity that existed before the conversion; and\n\t\t\t\tc. Have been incorporated or formed on the date that the converting entity was originally incorporated, organized, or formed;","type":"section","prefixes":["B","3"],"prefix":"3","entire_prefix":"B3","prefix_anchor":"B3","level":2,"prior_prefix":"B2","next_prefix":"B4"},"8":{"id":289083,"text":"The converting entity shall cease to be a limited liability company when the certificate of entity conversion becomes effective; and","type":"section","prefixes":["B","4"],"prefix":"4","entire_prefix":"B4","prefix_anchor":"B4","level":2,"prior_prefix":"B3","next_prefix":"B5"},"9":{"id":289084,"text":"Any member of a converting entity who, before the conversion, was liable for the liabilities or obligations of the converting entity is not released from those liabilities or obligations by reason of the conversion.","type":"section","prefixes":["B","5"],"prefix":"5","entire_prefix":"B5","prefix_anchor":"B5","level":2,"prior_prefix":"B4","next_prefix":"C"},"10":{"id":289085,"text":"When the converting entity is a partnership or a limited partnership:","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B5","next_prefix":"C1"},"11":{"id":289086,"text":"The articles of organization attached to the articles of entity conversion constitute the articles of organization of the resulting entity;","type":"section","prefixes":["C","1"],"prefix":"1","entire_prefix":"C1","prefix_anchor":"C1","level":2,"prior_prefix":"C","next_prefix":"C2"},"12":{"id":289087,"text":"The eligible interests of the converting entity are reclassified into membership interests in accordance with the plan of entity conversion; and the partners of the converting entity are entitled only to the rights provided in the plan of entity conversion;","type":"section","prefixes":["C","2"],"prefix":"2","entire_prefix":"C2","prefix_anchor":"C2","level":2,"prior_prefix":"C1","next_prefix":"C3"},"13":{"id":289088,"text":"The resulting entity is deemed to:\n\t\t\t\ta. Be a domestic limited liability company for all purposes;\n\t\t\t\tb. Be the same limited liability company without interruption as the converting entity that existed before the conversion; and\n\t\t\t\tc. Have been organized on the date that the converting entity was originally formed, organized, or incorporated;","type":"section","prefixes":["C","3"],"prefix":"3","entire_prefix":"C3","prefix_anchor":"C3","level":2,"prior_prefix":"C2","next_prefix":"C4"},"14":{"id":289089,"text":"The converting entity shall cease to be a partnership or limited partnership when the certificate of entity conversion becomes effective;","type":"section","prefixes":["C","4"],"prefix":"4","entire_prefix":"C4","prefix_anchor":"C4","level":2,"prior_prefix":"C3","next_prefix":"C5"},"15":{"id":289090,"text":"If the converting entity is a partnership, a statement of partnership authority filed by the partnership that has not been canceled shall be deemed canceled when the certificate of entity conversion becomes effective;","type":"section","prefixes":["C","5"],"prefix":"5","entire_prefix":"C5","prefix_anchor":"C5","level":2,"prior_prefix":"C4","next_prefix":"C6"},"16":{"id":289091,"text":"If the converting entity is a limited partnership, its certificate of limited partnership shall be deemed canceled when the certificate of entity conversion becomes effective;","type":"section","prefixes":["C","6"],"prefix":"6","entire_prefix":"C6","prefix_anchor":"C6","level":2,"prior_prefix":"C5","next_prefix":"C7"},"17":{"id":289092,"text":"If the partnership or limited partnership is registered as a registered limited liability partnership, that status shall be deemed canceled when the certificate of entity conversion becomes effective; and","type":"section","prefixes":["C","7"],"prefix":"7","entire_prefix":"C7","prefix_anchor":"C7","level":2,"prior_prefix":"C6","next_prefix":"C8"},"18":{"id":289093,"text":"Any partner of a converting entity who, before the conversion, was liable for the liabilities or obligations of the converting entity is not released from those liabilities or obligations by reason of the conversion.","type":"section","prefixes":["C","8"],"prefix":"8","entire_prefix":"C8","prefix_anchor":"C8","level":2,"prior_prefix":"C7"}},"ancestry":[{"id":15569,"edition_id":1,"name":"Conversion","identifier":"15","label":"article","depth":3,"order_by":1,"parent_id":12817,"metadata":{},"date_created":"2026-06-26 03:56:24","date_modified":"2026-06-26 03:56:24","permalink":{"id":148553,"object_type":"structure","relational_id":15569,"identifier":"15","token":"13.1\/12\/15","url":"\/13.1\/12\/15\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12817,"edition_id":1,"name":"Virginia Limited Liability Company Act","identifier":"12","label":"chapter","depth":2,"order_by":1,"parent_id":12744,"metadata":{},"date_created":"2026-06-26 03:43:54","date_modified":"2026-06-26 03:43:54","permalink":{"id":148351,"object_type":"structure","relational_id":12817,"identifier":"12","token":"13.1\/12","url":"\/13.1\/12\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12744,"edition_id":1,"name":"Corporations","identifier":"13.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":147493,"object_type":"structure","relational_id":12744,"identifier":"13.1","token":"13.1","url":"\/13.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":70285,"structure_id":15569,"section_number":"13.1-1081","catch_line":"Definitions","url":"\/13.1-1081\/","token":"13.1\/12\/15\/13.1-1081","metadata":false},{"id":70548,"structure_id":15569,"section_number":"13.1-1082","catch_line":"Entity conversion","url":"\/13.1-1082\/","token":"13.1\/12\/15\/13.1-1082","metadata":false},{"id":59386,"structure_id":15569,"section_number":"13.1-1083","catch_line":"Plan of entity conversion","url":"\/13.1-1083\/","token":"13.1\/12\/15\/13.1-1083","metadata":false},{"id":83321,"structure_id":15569,"section_number":"13.1-1084","catch_line":"Action on plan of entity conversion","url":"\/13.1-1084\/","token":"13.1\/12\/15\/13.1-1084","metadata":false},{"id":62656,"structure_id":15569,"section_number":"13.1-1085","catch_line":"Articles of entity conversion","url":"\/13.1-1085\/","token":"13.1\/12\/15\/13.1-1085","metadata":false},{"id":80660,"structure_id":15569,"section_number":"13.1-1086","catch_line":"Effect of entity conversion","url":"\/13.1-1086\/","token":"13.1\/12\/15\/13.1-1086","metadata":false},{"id":69772,"structure_id":15569,"section_number":"13.1-1087","catch_line":"Abandonment of entity conversion","url":"\/13.1-1087\/","token":"13.1\/12\/15\/13.1-1087","metadata":false}],"previous_section":{"id":62656,"structure_id":15569,"section_number":"13.1-1085","catch_line":"Articles of entity conversion","url":"\/13.1-1085\/","token":"13.1\/12\/15\/13.1-1085","metadata":false},"next_section":{"id":69772,"structure_id":15569,"section_number":"13.1-1087","catch_line":"Abandonment of entity conversion","url":"\/13.1-1087\/","token":"13.1\/12\/15\/13.1-1087","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-1086\/","history_text":"<p>This law was first created in 2016. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?161+ful+CHAP0288\">288<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":false,"permalink":{"id":148575,"object_type":"law","relational_id":80660,"identifier":"13.1-1086","token":"13.1\/12\/15\/13.1-1086","url":"\/13.1-1086\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/13.1-1086\/","token":"13.1\/12\/15\/13.1-1086","dublin_core":{"Title":"Effect of entity conversion","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-1086","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> When an <span class=\"dictionary\">entity conversion<\/span> under this article becomes effective, with respect to that entity: <a id=\"paragraph-289075\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1086\/#A\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A1\" class=\"indent-1\"><p><span class=\"prefix-number\">1.<\/span> The title to all real estate and other <span class=\"dictionary\">property<\/span> remains in the <span class=\"dictionary\">resulting entity<\/span> without reversion or impairment; <a id=\"paragraph-289076\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1086\/#A1\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A2\" class=\"indent-1\"><p><span class=\"prefix-number\">2.<\/span> The liabilities of the <span class=\"dictionary\">converting entity<\/span> remain the liabilities of the <span class=\"dictionary\">resulting entity<\/span>; and <a id=\"paragraph-289077\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1086\/#A2\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A3\" class=\"indent-1\"><p><span class=\"prefix-number\">3.<\/span> A proceeding pending may be continued by or against the <span class=\"dictionary\">resulting entity<\/span> as if the conversion did not occur. <a id=\"paragraph-289078\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1086\/#A3\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B\"><p><span class=\"prefix-number\">B.<\/span> When the <span class=\"dictionary\">resulting entity<\/span> is a <span class=\"dictionary\">domestic stock corporation<\/span> or business trust: <a id=\"paragraph-289079\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1086\/#B\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B1\" class=\"indent-1\"><p><span class=\"prefix-number\">1.<\/span> The <span class=\"dictionary\">articles of incorporation<\/span> or <span class=\"dictionary\">articles of trust<\/span> attached to the articles of <span class=\"dictionary\">entity conversion<\/span> constitute the <span class=\"dictionary\">articles of incorporation<\/span> or <span class=\"dictionary\">articles of trust<\/span> of the <span class=\"dictionary\">resulting entity<\/span>; <a id=\"paragraph-289080\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1086\/#B1\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B2\" class=\"indent-1\"><p><span class=\"prefix-number\">2.<\/span> The <span class=\"dictionary\">interests<\/span> of the <span class=\"dictionary\">converting entity<\/span> are reclassified into shares or beneficial <span class=\"dictionary\">interests<\/span> of the <span class=\"dictionary\">resulting entity<\/span> in accordance with the plan of <span class=\"dictionary\">entity conversion<\/span>; and the <span class=\"dictionary\">members<\/span> of the <span class=\"dictionary\">converting entity<\/span> are entitled only to the rights provided in the plan of <span class=\"dictionary\">entity conversion<\/span>; <a id=\"paragraph-289081\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1086\/#B2\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B3\" class=\"indent-1\"><p><span class=\"prefix-number\">3.<\/span> The <span class=\"dictionary\">resulting entity<\/span> is deemed to:\n\t\t\t\ta. Be a <span class=\"dictionary\">domestic stock corporation<\/span> or business trust, as the case may be, for all purposes;\n\t\t\t\tb. Be the same stock corporation or business trust without interruption as the <span class=\"dictionary\">converting entity<\/span> that existed before the conversion; and\n\t\t\t\tc. Have been incorporated or formed on the date that the <span class=\"dictionary\">converting entity<\/span> was originally incorporated, organized, or formed; <a id=\"paragraph-289082\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1086\/#B3\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B4\" class=\"indent-1\"><p><span class=\"prefix-number\">4.<\/span> The <span class=\"dictionary\">converting entity<\/span> shall cease to be a <span class=\"dictionary\">limited liability company<\/span> when the certificate of <span class=\"dictionary\">entity conversion<\/span> becomes effective; and <a id=\"paragraph-289083\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1086\/#B4\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B5\" class=\"indent-1\"><p><span class=\"prefix-number\">5.<\/span> Any <span class=\"dictionary\">member<\/span> of a <span class=\"dictionary\">converting entity<\/span> who, before the conversion, was liable for the liabilities or obligations of the <span class=\"dictionary\">converting entity<\/span> is not released from those liabilities or obligations by reason of the conversion. <a id=\"paragraph-289084\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1086\/#B5\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C\"><p><span class=\"prefix-number\">C.<\/span> When the <span class=\"dictionary\">converting entity<\/span> is a partnership or a limited partnership: <a id=\"paragraph-289085\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1086\/#C\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C1\" class=\"indent-1\"><p><span class=\"prefix-number\">1.<\/span> The <span class=\"dictionary\">articles of organization<\/span> attached to the articles of <span class=\"dictionary\">entity conversion<\/span> constitute the <span class=\"dictionary\">articles of organization<\/span> of the <span class=\"dictionary\">resulting entity<\/span>; <a id=\"paragraph-289086\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1086\/#C1\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C2\" class=\"indent-1\"><p><span class=\"prefix-number\">2.<\/span> The eligible interests of the <span class=\"dictionary\">converting entity<\/span> are reclassified into <span class=\"dictionary\">membership interests<\/span> in accordance with the plan of <span class=\"dictionary\">entity conversion<\/span>; and the partners of the <span class=\"dictionary\">converting entity<\/span> are entitled only to the rights provided in the plan of <span class=\"dictionary\">entity conversion<\/span>; <a id=\"paragraph-289087\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1086\/#C2\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C3\" class=\"indent-1\"><p><span class=\"prefix-number\">3.<\/span> The <span class=\"dictionary\">resulting entity<\/span> is deemed to:\n\t\t\t\ta. Be a <span class=\"dictionary\">domestic <span class=\"dictionary\">limited liability company<\/span><\/span> for all purposes;\n\t\t\t\tb. Be the same <span class=\"dictionary\">limited liability company<\/span> without interruption as the <span class=\"dictionary\">converting entity<\/span> that existed before the conversion; and\n\t\t\t\tc. Have been organized on the date that the <span class=\"dictionary\">converting entity<\/span> was originally formed, organized, or incorporated; <a id=\"paragraph-289088\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1086\/#C3\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C4\" class=\"indent-1\"><p><span class=\"prefix-number\">4.<\/span> The <span class=\"dictionary\">converting entity<\/span> shall cease to be a partnership or limited partnership when the certificate of <span class=\"dictionary\">entity conversion<\/span> becomes effective; <a id=\"paragraph-289089\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1086\/#C4\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C5\" class=\"indent-1\"><p><span class=\"prefix-number\">5.<\/span> If the <span class=\"dictionary\">converting entity<\/span> is a partnership, a statement of partnership authority filed by the partnership that has not been canceled shall be deemed canceled when the certificate of <span class=\"dictionary\">entity conversion<\/span> becomes effective; <a id=\"paragraph-289090\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1086\/#C5\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C6\" class=\"indent-1\"><p><span class=\"prefix-number\">6.<\/span> If the <span class=\"dictionary\">converting entity<\/span> is a limited partnership, its <span class=\"dictionary\">certificate of limited partnership<\/span> shall be deemed canceled when the certificate of <span class=\"dictionary\">entity conversion<\/span> becomes effective; <a id=\"paragraph-289091\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1086\/#C6\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C7\" class=\"indent-1\"><p><span class=\"prefix-number\">7.<\/span> If the partnership or limited partnership is registered as a <span class=\"dictionary\">registered limited liability partnership<\/span>, that status shall be deemed canceled when the certificate of <span class=\"dictionary\">entity conversion<\/span> becomes effective; and <a id=\"paragraph-289092\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1086\/#C7\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C8\" class=\"indent-1\"><p><span class=\"prefix-number\">8.<\/span> Any partner of a <span class=\"dictionary\">converting entity<\/span> who, before the conversion, was liable for the liabilities or obligations of the <span class=\"dictionary\">converting entity<\/span> is not released from those liabilities or obligations by reason of the conversion. <a id=\"paragraph-289093\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1086\/#C8\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nEFFECT OF ENTITY CONVERSION (\u00a7 13.1-1086)\n\nA. When an entity conversion under this article becomes effective, with respect\nto that entity:\n\n   1. The title to all real estate and other property remains in the resulting\n   entity without reversion or impairment;\n\n   2. The liabilities of the converting entity remain the liabilities of the\n   resulting entity; and\n\n   3. A proceeding pending may be continued by or against the resulting entity as\n   if the conversion did not occur.\n\nB. When the resulting entity is a domestic stock corporation or business trust:\n\n   1. The articles of incorporation or articles of trust attached to the articles\n   of entity conversion constitute the articles of incorporation or articles of\n   trust of the resulting entity;\n\n   2. The interests of the converting entity are reclassified into shares or\n   beneficial interests of the resulting entity in accordance with the plan of\n   entity conversion; and the members of the converting entity are entitled only\n   to the rights provided in the plan of entity conversion;\n\n   3. The resulting entity is deemed to:\n   \t\t\t\ta. Be a domestic stock corporation or business trust, as the case may be,\n   for all purposes;\n   \t\t\t\tb. Be the same stock corporation or business trust without interruption as\n   the converting entity that existed before the conversion; and\n   \t\t\t\tc. Have been incorporated or formed on the date that the converting entity\n   was originally incorporated, organized, or formed;\n\n   4. The converting entity shall cease to be a limited liability company when\n   the certificate of entity conversion becomes effective; and\n\n   5. Any member of a converting entity who, before the conversion, was liable\n   for the liabilities or obligations of the converting entity is not released\n   from those liabilities or obligations by reason of the conversion.\n\nC. When the converting entity is a partnership or a limited partnership:\n\n   1. The articles of organization attached to the articles of entity conversion\n   constitute the articles of organization of the resulting entity;\n\n   2. The eligible interests of the converting entity are reclassified into\n   membership interests in accordance with the plan of entity conversion; and the\n   partners of the converting entity are entitled only to the rights provided in\n   the plan of entity conversion;\n\n   3. The resulting entity is deemed to:\n   \t\t\t\ta. Be a domestic limited liability company for all purposes;\n   \t\t\t\tb. Be the same limited liability company without interruption as the\n   converting entity that existed before the conversion; and\n   \t\t\t\tc. Have been organized on the date that the converting entity was\n   originally formed, organized, or incorporated;\n\n   4. The converting entity shall cease to be a partnership or limited\n   partnership when the certificate of entity conversion becomes effective;\n\n   5. If the converting entity is a partnership, a statement of partnership\n   authority filed by the partnership that has not been canceled shall be deemed\n   canceled when the certificate of entity conversion becomes effective;\n\n   6. If the converting entity is a limited partnership, its certificate of\n   limited partnership shall be deemed canceled when the certificate of entity\n   conversion becomes effective;\n\n   7. If the partnership or limited partnership is registered as a registered\n   limited liability partnership, that status shall be deemed canceled when the\n   certificate of entity conversion becomes effective; and\n\n   8. Any partner of a converting entity who, before the conversion, was liable\n   for the liabilities or obligations of the converting entity is not released\n   from those liabilities or obligations by reason of the conversion.\n\nHISTORY: 2016, c. 288.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}