There's been plenty of debate over the years about this subject--even within
our own state of Minnesota!  The law reads that, if you make changes
(wording; add or subtract members) to your Bylaws, they are suppose to be
resubmitted to the state.  We would have to pay the fee to resubmit it, then
we would have to pay the newspaper again to run the public notice.  NOBODY
does that!

I would have stated that your club is free to amend its partnership agreement in accordance with the provisions that should already exist within the agreement. (In other words, the original agreement should contain instructions on how to amend it.) However, it appears that there are some external hurdles in MN that don't apply to us here in NJ. Since the regulation of business entities is state-based, you should check your own state's regulations.

 

Ira Smilovitz