N.Y. Partnership Law § 121-405: Classes and voting by general partners

§ 121-405. Classes and voting by general partners. (a) A partnership

agreement may provide for classes or groups of general 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 general

partners having such relative rights and powers as may from time to time

be established pursuant to the partnership agreement including rights

and powers senior to existing classes of general partners. The

partnership agreement may grant to all or to one or more classes of

general partners the right to vote, on a per capita, class or other

basis, upon any matter.

(b) A partnership agreement 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 general 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.