Vermont § 3312 - Applicability

§ 3312. Applicability

• (a) Before January 1, 1999, this chapter governs only a partnership formed: (1) after the effective date of this chapter, except a partnership that is continuing
  the business of a dissolved partnership under section 1333 of this title; and (2) before the effective date of this chapter, that elects, as provided by subsection
  (c) of this section, to be governed by this chapter. (b) On and after January 1, 1999, this chapter governs all partnerships. (c) Before January 1, 1999, a partnership voluntarily may elect, in the manner provided
  in its partnership agreement or by law for amending the partnership agreement, to
  be governed by this chapter. The provisions of this chapter relating to the liability
  of the partnership’s partners to third parties apply to limit those partners’ liability
  to a third party who had done business with the partnership within one year before
  the partnership’s election to be governed by this chapter, only if the third party
  knows or has received a notification of the partnership’s election to be governed
  by this chapter. (Added 1997, No. 149 (Adj. Sess.), § 1, eff. Jan. 1, 1999.)