B.__If the converted organization is not a limited partnership, as provided by the governing statute of the converted organization.

§1435.__Effect of conversion

1.__Same entity.__An organization that has been converted pursuant to this subchapter is for all purposes the same entity that existed before the conversion.

2.__Effect of conversion.__When a conversion takes effect:

A.__All property owned by the converting organization remains vested in the converted organization;

B.__All debts, liabilities and other obligations of the converting organization continue as obligations of the converted organization;

C.__An action or proceeding pending by or against the converting organization may be continued as if the conversion had not occurred;

D.__Except as prohibited by other law, all of the rights, privileges, immunities, powers and purposes of the converting organization remain vested in the converted organization;

E.__Except as otherwise provided in the plan of conversion, the terms and conditions of the plan of conversion take effect; and

F.__Except as otherwise agreed, the conversion does not dissolve a converting limited partnership for the purposes of subchapter 8.

3.__Foreign organization; Secretary of State as agent.__A converted organization that is a foreign organization consents to the jurisdiction of the courts of this State to enforce any obligation owed by the converting organization, if before the conversion the converting organization was subject to suit in this State on the obligation. A converted organization that is a foreign organization and not authorized to transact business in this State appoints the Secretary of State as its agent for service of process for purposes of enforcing an obligation under this subsection. Service on the Secretary of State under this