§ 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subject to a law repealed by this chapter or under article three of the
business corporations law heretofore repealed, shall continue under and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.