2006 New York Code - Classes And Voting By Limited Partners.



 
    §  121-302.  Classes and voting by limited partners. (a) A partnership
  agreement may provide for classes or groups of limited  partners  having
  such  relative  rights  and  powers  as  the  partnership  agreement may
  provide, and may make provision for the future creation  in  the  manner
  provided  in  the partnership agreement of additional classes of limited
  partners having such relative rights and powers as may from time to time
  be established pursuant to the partnership  agreement  including  rights
  and   duties  senior  to  existing  classes  of  limited  partners.  The
  partnership agreement may grant to or withhold from all or one  or  more
  classes of limited partners the right to vote, on a per capita, class or
  other basis, upon any matter.
    (b) A partnership agreement which grants a right to vote may set forth
  provisions  relating  to  notice  of  the  time, place or purpose of any
  meeting at which any matter is to be voted on by any  limited  partners,
  waiver  of  any  such  notice,  action by consent without a meeting, the
  establishment of a record date, quorum requirements, voting in person or
  by proxy, or any other matter with respect to the exercise of  any  such
  right to vote.

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