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

N.J. Stat. § 42:3-13: Division of profits of business

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  1. TITLE 42 PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS

A limited partnership association may, from time to time, divide the profits of its business in such manner and in such an amount as a majority of its managers may determine, which profits so divided shall not at the time diminish or impair the capital of the association. Any one consenting to a dividend which shall diminish or impair the capital shall be liable to any person interested or injured thereby to the amount of such diminution or impairment.

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

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