California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 2 - Corporate Securities
Article 4 - Standards for the Exercise of the Commissioner's Authority
Subarticle 10 - Real Estate Programs
Rights and Obligations of Participants
Section 260.140.116.1 - Meetings

Meetings of the limited partners to vote upon any matters on which the limited partners are authorized to take action under the partnership agreement may be called at any time by the general partner(s) or one or more limited partners holding not less than 10% of the outstanding limited partnership interests. Upon request in writing to the general partner(s) by any person(s) entitled to call a meeting, the general partner(s) shall cause notice to be given to the limited partners that a meeting will be held at a time requested by the person(s) calling the meeting, not less than 15 nor more than 60 days after receipt of the request. Written notice of the meeting shall be given either personally or by first class mail not less than 10 nor more than 60 days before the date of the meeting to the limited partners. Included with the notice shall be a detailed statement of the action proposed, including a verbatim statement of the wording of any resolution proposed for adoption by the limited partners and of any proposed amendment to the partnership agreement. The partnership will provide for proxies or written consents which specify a choice between approval and disapproval of each matter to be acted upon at the meeting. A majority of the limited partnership interests entitled to vote, represented in person or by proxy, shall constitute a quorum at a meeting of the limited partners.

1. Amendment filed 1-27-84; effective thirtieth day thereafter (Register 84, No. 4).

Note: Authority cited: Section 25610, Corporations Code. Reference: Section 25140, Corporations Code.