Section 121-405. Classes and voting by general partners  


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  • (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.