[§425-173] Transition rules for limited liability partnerships and foreign limited liability partnerships under prior law. (a) All entities that were limited liability partnerships registered under the law in effect on the date preceding July 1, 2000, shall be converted into and be deemed partnerships that have registered under part I and filed a statement of qualification of limited liability partnership pursuant to this subpart.
(b) All entities that were foreign limited liability partnerships registered under the law in effect on the date preceding July 1, 2000, shall be converted into and be deemed foreign limited liability partnerships that have registered under part I and filed a statement of foreign qualification pursuant to this subpart. [L 2000, c 218, pt of §1]
Revision Note
"July 1, 2000" substituted for "the effective date of this subpart".
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