Section 179.105. Transitional provisions.

 

(1)  A limited partnership in existence on April 28, 1990, is not required to amend or restate its certificate of limited partnership to include the information specified in s. 179.11 (1) (dm) .

(2)  Any provision of a certificate of limited partnership that is in existence on April 28, 1990, and that conforms with s. 179.31 , 1987 stats., s. 179.32 (4) (intro.) or (5) (intro.) , 1987 stats., s. 179.42 (1) , 1987 stats., s. 179.53 , 1987 stats., s. 179.55 , 1987 stats., s. 179.64 (1) (a) , 1987 stats., or s. 179.71 (1) or (3) , 1987 stats., is enforceable on and after April 28, 1990, to the same extent that the provision would be enforceable under s. 179.31 , 179.32 (4) (intro.) or (5) (intro.) , 179.42 (1m) , 179.53 , 179.55 , 179.64 (1) (a) or 179.71 (1m) or (3) if included in a partnership agreement.

(3)  If the application of s. 179.43 , 179.54 or 179.74 to a limited partnership existing on September 1, 1984, would impair any contract provision in existence on September 1, 1984, s. 179.43 , 179.54 or 179.74 does not apply to the limited partnership until the expiration of the contract or unless the parties to the contract agree otherwise.

1989 a. 232 ; 1991 a. 32 .