Cap. 386 Art. 335Commercial partnership formed succeeds commercial partnershipceasing to exist.

(1) The commercial partnership resulting from the conversion shall succeed to all the assets, rights, liabilities and obligations without the requirement of any formalities other than those arising under this Part, and shall retain the same legal personality of the commercial partnership that has been converted;

and the said succession shall be effective as regards third parties.

(2) Where the commercial partnership resulting from the conversion is a partnership en nom collectif or a partnership en or limited partnership the unlimited liability of all the commandite partners in the partnership and that of the general en nom collectif partners in the partnership en commandite or limited partnership, as the case may be, shall also extend to the obligations of the commercial partnership that has been converted.