LD 1609
pg. 132
Page 131 of 148 An Act To Establish the Uniform Partnership Act Page 133 of 148
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LR 1469
Item 1

 
laws of this State, as well as for enforcement of an
obligation of the surviving partnership or limited
partnership arising from the merger; and

 
(2)__Appoints the Secretary of State as its agent for
service of process in any such proceeding and the
surviving partnership or limited partnership shall
specify the address to which a copy of the process must
be mailed by the Secretary of State.

 
3.__Name in which property held.__Except as otherwise provided
in subsection 4, for the purposes of section 1032, property of
the surviving partnership or limited partnership that before the
merger was held in the name of another party to the merger is
property held in the name of the surviving entity upon filing a
statement of merger.

 
4.__Transfer of real property.__For the purposes of section
1032, real property of the surviving partnership or limited
partnership that before the merger was held in the name of
another party to the merger is property held in the name of the
surviving entity.__A certified copy of the statement of merger
may be recorded in the registry of deeds of the county in which
the real property is located as evidence of title, but the
failure to record the statement does not affect the validity of
the transfer of title.

 
5.__Incomplete statement.__A filed and, if appropriate,
recorded statement of merger, executed and declared to be
accurate pursuant to section 1005, subsection 3, stating the name
of a partnership or limited partnership that is a party to the
merger in whose name property was held before the merger and the
name of the surviving entity, but not containing all of the other
information required by subsection 2, operates with respect to
the partnerships or limited partnerships named to the extent
provided in subsections 3 and 4.

 
Comment

 
(This is Section 907 of the Uniform Partnership Act (1997).)

 
Section 907(a) provides that the surviving entity may file a
statement of merger. The execution, filing, and recording of the
statement are governed by Section 105.

 
Subsection (b) requires the statement to contain the name of
each party to the merger, the name and address of the surviving
entity, and whether it is a general or limited partnership.


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