New Jersey · Through P.L.2025, c.405, and J.R.22 · Newer source version available

N.J. Stat. § 42:2A-45: Limitations on distribution

Where this section sits in the code

TITLE 42 PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS

Limitations on distribution. A partner may not receive a distribution from a limited partnership to the extent that, after giving effect to the distribution, all liabilities of the limited partnership, other than liabilities to partners on account of their partnership interests, exceed the fair value of the partnership assets.

L. 1983, c. 489, s. 44, eff. April 1, 1985.

Collected 2026-08-27T17:54:13Z. Source file · JSON

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