278 - Filing under prior law.

§  278.  Filing under prior law. At the end of twelve months following  the effective date of this article, the secretary of state shall  cancel  all  certificates  issued  under  sections three hundred sixty and three  hundred sixty-one of article twenty-four of the  general  business  law,  unless  a  new  statement  shall  have  been  filed  under this article;  provided, however, that such certificates issued under  such  prior  law  shall  remain  in  full force and effect and shall be entitled to all of  the benefits of this article during said twelve months' period or  until  the said statement has been filed.