§ 121-1201 — Existing limited partnership

§ 121-1201. Existing limited partnership. (a) All limited partnerships\nformed on or after the effective date of this article shall be governed\nby this article.\n (b) Except as provided in section 121-1202 of this article, all\ndomestic limited partnerships formed under the laws of this state prior\nto the effective date of this article shall continue to be governed by\narticle eight of this chapter, as amended, in the same manner as if this\narticle had not been enacted.\n (c) All foreign limited partnerships which have authority to do\nbusiness in New York on such effective date shall be deemed to have\nreceived authority under this article and such foreign limited\npartnerships shall not be required to take any action with respect\nthereto.\n