Article 252 of Companies Law

The conversion of a company shall not result in its acquiring a new legal personality, and it shall retain its rights and obligations predating the conversion. With respect to the obligations of general partners predating the company's conversion, the creditor's right to this guarantee shall lapse if the creditor does not object to the conversion decision within thirty days from the date of publication of the decision in the Official Gazette. The objection shall be submitted in accordance with the usual procedures for bringing an action, and the Court of First Instance shall have jurisdiction to hear it. Submission of the objection shall result in the continuation of the general partners' liability towards that creditor until the objection is determined by a final judgment.