487.1104  Effect on existing limited partnerships.

Except as specifically provided in this section, this chapter applies to all limited partnerships in existence on July 1, 1997, and does not invalidate provisions in limited partnership agreements or certificates executed prior to July 1, 1997. Unless otherwise agreed to by the partners, the applicable provisions of existing law, in effect prior to July 1, 1997, governing events of withdrawal of a general partner, withdrawal of a limited partner, and assignment of a partnership interest, govern limited partnerships formed before July 1, 1997.

Section History: Early form

  [C24, 27, 31, 35, 39, § 9862, 9863; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 545.57, 545.58; 82 Acts, ch 1103, § 1104]

Section History: Recent form

  C93, § 487.1104

  97 Acts, ch 188, § 50


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