Section 10-9B-302 Voting. - Alabama Statutes

Section 10-9B-302

Voting.

REPEALED IN THE 2009 REGULAR SESSION BY ACT 2009-621, EFFECTIVE JANUARY 1, 2010. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.

(a) Subject to Section 10-9B-303, the partnership agreement may grant to all or a specified group of the limited partners the right to vote (on a per capita or other basis) upon any matter.

(b) When the partnership agreement grants such right to vote, it may make any provision that the parties, to the agreement deem appropriate as to notice of the time, place or purpose of any meeting at which any matter is to be voted on by any limited partners, for waiver of any such notice, for informal action by consent without a meeting, quorum requirements, voting in person or by proxy, or any other provisions with respect to the exercise of any such right to vote.

(Act 97-921, 1st Ex. Sess., p. 335, §1.)