Section 121-102. Partnership name

The name of each limited partnership as
  set forth in its certificate of limited partnership:
    (a)  (1)  shall  contain  without  abbreviation  the  words   "Limited
  Partnership" or the abbreviation "L.P.";
    (2)  (A)  shall  be such as to distinguish it from the name of (i) any
  limited partnership as defined in subdivision (h) of section 121-101  of
  this  article,  or (ii) any foreign limited partnership authorized to do
  business as a foreign limited partnership in this state;
    (B) shall be such as to distinguish it from (i) the names of  domestic
  business  corporations,  domestic  not-for-profit corporations and other
  domestic corporations of any type or kind that are formed by a filing in
  the department of state, (ii) the names of authorized  foreign  business
  corporations,  authorized  foreign not-for-profit corporations and other
  authorized foreign corporations of any type or kind that are  authorized
  to do business or conduct activities in this state by reason of a filing
  in  the  department  of  state, (iii) the fictitious names of authorized
  foreign  business  corporations,   authorized   foreign   not-for-profit
  corporations  and  other  authorized foreign corporations of any type or
  kind that are authorized to do business or conduct  activities  in  this
  state  by  reason of a filing in the department of state, (iv) the names
  of domestic limited liability companies, (v)  the  names  of  authorized
  foreign  limited  liability  companies,  or (vi) the fictitious names of
  authorized foreign limited liability companies, in each  case,  as  such
  names  appear  on the index of names of existing domestic and authorized
  foreign corporations of any type or kind, including fictitious names  of
  authorized  foreign  corporations of any type or kind, in the department
  of state, or on the index of names of existing  domestic  or  authorized
  foreign  limited  liability  companies,  including  fictitious  names of
  authorized foreign limited liability companies,  in  the  department  of
  state,  or  names  the  rights to which are reserved; provided, however,
  that no limited partnership that was formed prior to the effective  date
  of  this  subparagraph  and  no  foreign  limited  partnership  that was
  qualified to do business in this state  prior  to  such  effective  date
  shall  be  required to change the name or fictitious name it had on such
  effective date solely by reason of such name or  fictitious  name  being
  indistinguishable  from  the  name or fictitious name of any domestic or
  authorized foreign corporation or limited liability company or from  any
  name  the  right to which is reserved by or on behalf of any domestic or
  foreign corporation or limited liability company;
    (3)(A) may not contain the following phrases or  any  abbreviation  or
  derivative thereof:
            board of trade                state trooper
            chamber of commerce           tenant relocation
            community renewal             urban development
            state police                  urban relocation
    Every  certificate  of  limited  partnership  in which the name of the
  proposed limited partnership includes the terms: "school,"  "education,"
  "elementary,"     "secondary,"     "kindergarten,"    "prekindergarten,"
  "preschool,"  "nursery  school,"  "museum,"   "history,"   "historical,"
  "historical society," "arboretum," "library," "college," "university" or
  other  term  restricted  by  section  two  hundred  twenty-four  of  the
  education  law;  "conservatory,"  "academy,"  or  "institute,"  or   any
  abbreviation or derivative of such terms, shall have endorsed thereon or
  annexed thereto the consent of the commissioner of education.
    (B)  may  not  contain  the  following  words,  or any abbreviation or
  derivative thereof:
            acceptance                    indemnity
            annuity                       insurance

            assurance                     investment
            bank                          lawyer
            benefit                       loan
            bond                          mortgage
            casualty                      savings
            doctor                        surety
            endowment                     title
            fidelity                      trust
            finance                       underwriter
            guaranty
  unless the approval of the superintendent of banks or the superintendent
  of  insurance, as appropriate, is attached to the certificate of limited
  partnership; or unless the word "doctor" or "lawyer" or an  abbreviation
  or  derivative  thereof  is  used  in  a context which clearly denotes a
  purpose other than the practice of law or medicine.
    (C) shall not, unless the approval of the state department  of  social
  services  is  attached  to  the  certificate  of  limited partnership or
  application for authority or amendment thereof, contain the word "blind"
  or "handicapped". Such approval shall be granted by the state department
  of social services if in its opinion the word "blind"  or  "handicapped"
  as  used  in  the  limited  partnership  name  proposed will not tend to
  mislead  or  confuse  the  public  into  believing  that   the   limited
  partnership is organized for charitable or nonprofit purposes related to
  the blind or the handicapped.
    (D) shall not, unless the approval of the attorney general is attached
  to  the  certificate of limited partnership or application for authority
  or amendment thereof, contain the word "exchange" or any abbreviation or
  derivative thereof. Such approval shall not be granted by  the  attorney
  general  if  in his or her opinion the use of the word "exchange" in the
  proposed limited partnership name would falsely imply that  the  limited
  partnership  conducts  its business at a place where trade is carried on
  in securities or commodities by brokers, dealers or merchants.
    (b)  shall,  unless  the  limited  partnership  or   foreign   limited
  partnership  shall  have  complied  with  the  provisions of section one
  hundred thirty of the general business law  be  the  name  used  by  the
  limited partnership in its conduct of business.
    (c)  notwithstanding paragraphs one and two of subdivision (a) of this
  section, a limited partnership organized under the laws  of  this  state
  prior  to  the  effective  date  of  this  article  which  shall  file a
  certificate under section 121-1202 of this article within  one  year  of
  the  effective date of this article may file  under its name as provided
  in its certificate of limited partnership on the effective date of  this
  article  and  thereafter  may  continue  to  use such name and a foreign
  limited partnership which has been authorized to  do  business  in  this
  state  prior  to  the effective date of this article may continue to use
  the name under which it has heretofore done business in this state.