Applications to existing limited partnerships.

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The provisions of this chapter apply to all domestic limited partnerships existing on January 1, 1987, to the extent that the partnership agreement of each partnership is not inconsistent with the provisions of this chapter. Unless otherwise agreed to by the partners, nothing in this chapter requires any domestic limited partnership validly existing on January 1, 1987, to comply with the provisions of this chapter in order to preserve or continue its status as a limited partnership.

History of Section.
P.L. 1985, ch. 390, § 2; P.L. 1987, ch. 440, § 1.


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