[§425-173]  Transition rules for limitedliability partnerships and foreign limited liability partnerships under priorlaw.  (a)  All entities that were limited liability partnerships registeredunder the law in effect on the date preceding July 1, 2000, shall be convertedinto and be deemed partnerships that have registered under part I and filed astatement of qualification of limited liability partnership pursuant to thissubpart.

(b)  All entities that were foreign limitedliability partnerships registered under the law in effect on the date precedingJuly 1, 2000, shall be converted into and be deemed foreign limited liabilitypartnerships that have registered under part I and filed a statement of foreignqualification pursuant to this subpart. [L 2000, c 218, pt of §1]

 

Revision Note

 

  "July 1, 2000" substituted for "the effectivedate of this subpart".