{"data":{"id":"us-nj/n.j.-stat.-42-3-5","jurisdiction":"us-nj","citation":"N.J. Stat. § 42:3-5","heading":"Contracting debts","body":"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.","path":["TITLE 42 PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"b3228c2ad62688690fc9986c2917333f1941d7a5d2a78906e803a567cc82abd0","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-42-3-4","next":"us-nj/n.j.-stat.-42-3-6"},"notice":"GroundRules: Original legal text. Not legal advice."}