Q&As

A limited partnership agreement requires the unanimous vote of the members on a particular resolution. What is the position if a member abstains on the vote?

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Published on LexisPSL on 10/02/2016

The following Corporate Q&A provides comprehensive and up to date legal information covering:

  • A limited partnership agreement requires the unanimous vote of the members on a particular resolution. What is the position if a member abstains on the vote?

The effect of an abstention on the requirement for unanimity of members will depend on the exact wording of the agreement. If the agreement states that a resolution of the members shall require a unanimous vote of the members 'present and voting', or

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