Prior obligations and liabilities

(1) A foreign limited liability company that has been re- domiciled pursuant to this Part is for all purposes the same entity that existed before the re-domiciliation. (2) When a re-domiciliation takes effect, (a) all property owned by the re-domiciliating foreign limited liability company is vested in the Belize limited liability company without further act or deed; if deeds or other documents evidencing ownership or title must be filed in any jurisdiction, such document shall be filed only to give notice that the name and domicile of owner of such property has been changed, and not to evidence or record a transfer or conveyance of title; (b) all debts, liabilities and other obligations of the re-domiciliating foreign limited liability company continue as obligations of the Belize limited liability company; (c) an action or proceeding pending by or against the re-domiciliating foreign limited liability company may be continued as if the re- domiciliation had not occurred, except that, if appropriate in the jurisdiction in which the proceeding is pending, the caption of the action may be changed to reflect the re- domiciliation; 84 (d) except as prohibited by any other law, all the rights, privileges, immunities, powers and purposes of the re-domiciliating foreign limited liability company are vested in the Belize limited liability company; and (e) all of the members of the re-domiciliating foreign limited liability company continue as members of the Belize limited liability (3) The transfer of domicile of any foreign limited liability company to Belize shall not be deemed to affect any obligations or liabilities of such foreign limited liability company incurred prior to such transfer.