Current through 2023 Legislative Sessions
Section 45-16-07 - Action without a meetingAn action required or permitted to be taken at a meeting of the partners may be taken without a meeting by written action signed, or consented to by authenticated electronic communication, by all of the partners entitled to vote on the action.
1. If the partnership agreement so provides, any action may be taken by written action signed by the partners who own voting power equal to the voting power that would be required to take the same action at a meeting of the partners at which all partners were present.a. When written action is permitted to be taken by less than all partners, all partners must be notified immediately of its text and effective date.b. Failure to provide the notice does not invalidate the written action.c. A partner who does not sign or consent to the written action has no liability for the action or actions taken by the written actions.2. The written action is effective when it has been signed, or consented to by authenticated electronic communication, by the required partners, unless a different effective time is provided in the written action.3. When this chapter requires or permits a certificate concerning an action to be filed with the secretary of state, the partner signing the certificate must so indicate if the action was taken under this section.