42:2A-29.3 - Action by limited partners - New Jersey Statutes

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

  L. 1988, c. 130, s. 44.