81st Texas Legislature, Regular Session, Senate Bill 1442, Chapter 84 Page: 14 of 64
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S.B. No. 1442
1 formed, incorporated, created, or otherwise having come into being,
2 as applicable, and existing under the laws of this state and the
3 laws of the applicable non-United States jurisdiction. so long as
4 the entity continues to exist as a domestic entity under the laws of
5 this state following the conversion;
6 (3) if the converting entity is a domestic entity,
7 this code and the other laws of this state apply to the converted
8 entity to the same extent as the laws applied to the entity before
9 the conversion;
10 (4) if the converting entity is a non-United States
11 entity, the laws of the applicable non-United States jurisdiction
12 apply to the converted entity to the s-=e extent as the laws applied
13 to the entity before the conversion;
14 (5) notwithstanding Section 10.106(2), all rights,
15 title, and interests in all property owned by the converting entity
16 continue to be owned by the converted entity, subject to any
17 existing liens or other encumbrances on the property, in both the
18 organizational form of the converting entity and the organizational
19 form of the converted entity without:
20 (A) reversion or impairment;
21 (B) further act or deed; or
22 (C) the occurrence of a transfer or assignment;
24 (6) notwithstanding Section 10.106(3), all
25 liabilities and obligations of the converting entity remain the
26 liabilities and obligations of the converted entity in both the
27 organizational form of the converting entity and the organizational
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Texas. Legislature. Senate. 81st Texas Legislature, Regular Session, Senate Bill 1442, Chapter 84, legislative document, May 20, 2009; [Austin, Texas]. (texashistory.unt.edu/ark:/67531/metapth310916/m1/14/?rotate=270: accessed June 22, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting UNT Libraries Government Documents Department.