Section 133. Existing cooperative corporations or associations

A
  cooperative  corporation  or  association  heretofore  formed  under  or
  subject  to a law repealed by this chapter or under article three of the
  business corporations law heretofore repealed, shall continue under  and
  be  subject  to  the  provisions  of  this  chapter  as  if incorporated
  hereunder; but all rights of property and  by  contract,  which  accrued
  before  this  chapter  took effect, shall continue to be governed by the
  law under which such  rights  accrued.  Also  it  may  continue  to  use
  existing   name,   type  of  operations,  by-laws,  forms  of  marketing
  contracts, methods of financing and requirements as to  reserves  in  so
  far  as  valid  under  prior  laws  unless  expressly  contrary  to  the
  provisions of this chapter.