1. Upon conversion, each partner or shareholder shall have a number of shares or equity stake in the new Company equal to the value of his shares or equity stake in the Company prior to conversion. If the value of the shares or equity stake of a partner or shareholder is less than the minimum nominal value of the new shares or equity stake, the difference shall be made up in cash, failing which such partner or shareholder shall be deemed to have withdrawn from the Company. The value of his shares or equity stakes shall be paid according to their market or book value at the date of conversion, whichever is higher. 2. Upon its conversion and re-registration under its new legal form, the Company shall maintain its legal personality and its rights and obligations existing before the conversion. Conversion shall not relieve the General Partners from the obligations of the Company prior to conversion, unless so agreed in writing by the creditors.
Interpretation and application must be checked against the official text and current version.