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

N.J. Stat. § 42:3-5: Contracting debts

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Where this section sits in the code
  1. TITLE 42 PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS

No debt shall be contracted, or liability incurred for a limited partnership association, except by one or more of its managers, and no liability for an amount exceeding five hundred dollars, except against the person incurring it, shall bind the association, unless reduced to writing and signed by at least two managers.

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

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