New Jersey § 42:2a-29
Full text of New Jersey New Jersey Statutes § 42:2a-29, with citation guidance and answers to common questions.
§ 42:2a-29.
Fixing Record Date. a. Except as otherwise provided in the partnership agreement, the general partner
may fix, in advance, a date as the record date for determining the partnership's limited
partners with regard to any partnership action or event and, in particular, for determining
the limited partners entitled to: (1) Be notified of or vote at any meeting of the partners or any adjournment thereof; (2) Consent in writing to any action without a meeting; or (3) Receive payment of any distribution or allotment of any right. The record date may in no case be less than five days nor more than 60 days prior
to the meeting of partners or other partnership action or event to which it relates. The record date to determine limited partners entitled to give a written consent
may not be more than 60 days before the date fixed for tabulation of the consents
or, if no date has been fixed for tabulation, more than 60 days before the last day
on which consents received may be counted. b. If no record date is fixed: (1) The record date for determining limited partners for purposes of a meeting of
partners shall be the close of business on the day next preceding the date on which
notice is given, or, if no notice is given, the day next preceding the day on which
the meeting is held; and (2) The record date for determining limited partners for any purpose other than specified
in paragraph (1) of this subsection shall be at the close of business on the day on
which the action relating thereto is adopted. c. When a determination of limited partners of record for a meeting of partners has
been made as provided in this section, the determination shall apply to any adjournment
thereof, unless the general partner fixes a new record date under this section for
the adjourned meeting. d. For the purposes of this section, a limited partner of record shall, in addition
to meeting all other requirements of this section, have fulfilled all conditions described
in the partnership agreement and by applicable law relative to attaining limited partner
status.
Frequently Asked Questions About New Jersey § 42:2a-29
What does New Jersey Statutes § 42:2a-29 cover?
Section 42:2a-29 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 42:2a-29?
A common citation format is "New Jersey Statutes § 42:2a-29" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 42:2a-29 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.