LD 1609
pg. 135
Page 134 of 146 PUBLIC Law Chapter 543 Page 136 of 146
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LR 1469
Item 1

 
§1451.__Uniformity of application and construction

 
In applying and construing this Act, consideration must be
given to the need to promote uniformity of the law with respect
to its subject matter among states that enact it.

 
§1452.__Relation to electronic signatures in global and national

 
commerce act

 
This chapter modifies, limits or supersedes the federal
Electronic Signatures in Global and National Commerce Act, 15
United States Code, Section 7001 et seq., but this chapter does
not modify, limit or supersede Section 101(c) of that Act or
authorize electronic delivery of any of the notices described in
Section 103(b) of that Act.

 
§1453.__Application to existing relationships

 
1.__Before July 1, 2008.__Before July 1, 2008, this chapter
governs only:

 
A.__A limited partnership formed on or after July 1, 2007;
and

 
B.__Except as otherwise provided in subsections 3 and 4, a
limited partnership formed before July 1, 2007 that elects,
in the manner provided in its partnership agreement or by
law for amending the partnership agreement, to be subject to
this chapter.

 
2.__On or after July 1, 2008.__Except as otherwise provided in
subsection 3, on and after July 1, 2008, this chapter governs all
limited partnerships.

 
3.__Existing limited partnerships.__With respect to a limited
partnership formed before July 1, 2007, the following rules apply
except as the partners otherwise elect in the manner provided in
the partnership agreement or by law for amending the partnership
agreement.

 
A.__Section 1304, subsection 3 does not apply and the
limited partnership has whatever duration it had under the
law applicable immediately before July 1, 2007.

 
B.__The limited partnership is not required to amend its
certificate of limited partnership to comply with section
1321, subsection 1, paragraph D.

 
C.__Sections 1371 and 1372 do not apply and a limited partner has
the same right and power to dissociate from the


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