Section 10-8-5

(Repealed effective January 1, 2001) Certain associations not affected by chapter; applicability of chapter to limited partnerships.

(a) This chapter does not change the legal status in Alabama of the following associations:

(1) Any association existing in Alabama prior to January 1, 1972.

(2) Any association formed under the laws of any other state or foreign country, either prior or subsequent to January 1, 1972.

(b) This chapter shall apply to limited partnerships, except to the extent that statutes relating to such partnerships are inconsistent herewith.

(Acts 1971, No. 1513, p. 2609, §6.)