Are limited partnerships required to hold annual meetings?

Limited partnerships are not generally required by law to hold annual meetings unless such provisions are explicitly stated in the partnership agreement. The flexibility of limited partnerships allows partners to establish the governance structure according to their needs, which can include the decision regarding meetings. If the partnership agreement does not specify any requirement for holding annual meetings, then there is no legal obligation to do so. This structure is designed to provide partners with the autonomy to manage the partnership as they see fit, including how often they meet and under what circumstances.

This context helps in understanding why limited partnerships can be structured around the specific needs of the partners involved, rather than adhering to a mandatory format of meetings.