West Virginia Code 47B-10-2 – Effect of registration; entity unchanged
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(a) A partnership that has registered pursuant to this article is for all purposes the same partnership that existed before the registration.
Terms Used In West Virginia Code 47B-10-2
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(b) When registration takes effect:
(1) All property owned by the registering partnership remains vested in the registered partnership;
(2) All obligations of the registering partnership continue as obligations of the registered partnership; and
(3) An action or proceeding pending against the registering partnership may be continued as if the registration had not occurred.