(d) The conversion takes effect when the certificate of limited partnership is filed or at any
later date specified in the certificate.
(e) A general partner who becomes a limited partner as a result of the
liable as a general partner for an obligation incurred by the partnership
before the conversion
takes effect. If the other party to a transaction with the limited partnership
when entering the transaction that the limited partner is a general partner,
the limited partner is
liable for an obligation incurred by the limited partnership
within 90 days after the conversion takes effect. The limited partner's
liability for all other
obligations of the limited partnership incurred after the conversion takes
effect is that of a limited
partner as provided in the Uniform Limited Partnership Act (2001).
(Source: P.A. 92-740, eff. 1-1-03; 93-967, eff. 1-1-05.)