Section 119. Existing limited partnerships

(1) A limited partnership
  formed under any statute of this state prior to  the  adoption  of  this
  article may become a limited partnership under this article by complying
  with the provisions of section ninety-one, provided the certificate sets
  forth
    (a)  The  amount of the original contribution of each limited partner,
  and the time when the contribution was made, and
    (b) That the property of the partnership exceeds the amount sufficient
  to discharge its liabilities to  persons  not  claiming  as  general  or
  limited  partners by an amount greater than the sum of the contributions
  of its limited partners.
    (2) The provisions of this article, or the repeal of article eight  of
  this  chapter, shall not affect or impair any act done or right accrued,
  acquired or established  by  a  limited  partnership  formed  under  any
  statute  of this state prior to its adoption, until or unless it becomes
  a limited partnership in accordance with the provisions of this article,
  and the same may be conducted in the same manner and to the same  extent
  as if this article had not been passed.