42:2A-29.3. Action by limited partners
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/nj/title-42/chapter-2a/42-2a-29-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.