§ 121-1201. Existing limited partnership. (a) All limited partnerships
formed on or after the effective date of this article shall be governed
by this article.

(b) Except as provided in section 121-1202 of this article, all
domestic limited partnerships formed under the laws of this state prior
to the effective date of this article shall continue to be governed by
article eight of this chapter, as amended, in the same manner as if this
article had not been enacted.

(c) All foreign limited partnerships which have authority to do
business in New York on such effective date shall be deemed to have
received authority under this article and such foreign limited
partnerships shall not be required to take any action with respect
thereto.