N.Y. Cooperative Corporations Law § 133: Existing cooperative corporations or associations

§ 133. Existing cooperative corporations or associations. A

cooperative corporation or association heretofore formed under or

subject to a law repealed by this chapter or under article three of the

business corporations law heretofore repealed, shall continue under and

be subject to the provisions of this chapter as if incorporated

hereunder; but all rights of property and by contract, which accrued

before this chapter took effect, shall continue to be governed by the

law under which such rights accrued. Also it may continue to use

existing name, type of operations, by-laws, forms of marketing

contracts, methods of financing and requirements as to reserves in so

far as valid under prior laws unless expressly contrary to the

provisions of this chapter.