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



 
    §  121-405.  Classes and voting by general partners. (a) A partnership
  agreement may provide for classes or groups of general  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 general
  partners having such relative rights and powers as may from time to time
  be established pursuant to the partnership  agreement  including  rights
  and   powers  senior  to  existing  classes  of  general  partners.  The
  partnership agreement may grant to all or to  one  or  more  classes  of
  general  partners  the  right  to  vote, on a per capita, class or other
  basis, upon any matter.
    (b) A partnership agreement  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 general 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.

Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.