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

New Jersey Statutes

§ 42:2A-29.3 — Action by limited partners

New Jersey § 42:2A-29.3

Title 42PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS

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Bluebook

N.J. Stat. Ann. § 42:2A-29.3 (2026).

Text

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.

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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.