1.The partners or future partners may agree to designate or to change the law applicable to the property consequences of their registered partnership, provided that that law attaches property consequences to the institution of the registered partnership and that that law is one of the following:
(a)the law of the State where the partners or future partners, or one of them, is habitually resident at the time the agreement is concluded
(b)the law of a State of nationality of either partner or future partner at the time the agreement is concluded, or
(c)the law of the State under whose law the registered partnership was created.
2.Unless the partners agree otherwise, a change of the law applicable to the property consequences of their registered partnership made during the partnership shall have prospective effect only.
3.Any retroactive change of the applicable law under paragraph 2 shall not adversely affect the rights of third parties deriving from that law.