Section 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.