State Codes and Statutes

Statutes > New-york > Ptr > Article-8-a > 121-302

§  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.

State Codes and Statutes

Statutes > New-york > Ptr > Article-8-a > 121-302

§  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.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Ptr > Article-8-a > 121-302

§  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.