N.J. Stat. § 42:2A-29.3

Current through L. 2024, c. 87.

Section 42:2A-29.3 - Action by limited partners

Except as otherwise provided in the partnership agreement, any action required or permitted to be taken by limited partners may be taken:

a. At a meeting with notice thereof given as provided in section 42 of P.L. 1988, c.130 (C. 42:2A-29.1) by that portion of limited partners whose votes are necessary to take such action; or

b. Without a meeting, upon the written consent of, that portion of limited partners whose votes are necessary to take such action. When action is taken without a meeting, however, all limited partners shall receive a written report of all actions taken.

N.J.S. § 42:2A-29.3

L.1988, c.130, s.44.