New Jersey Statutes
§ 42:1A-33 — Dissociation; effects on partnership, partner
New Jersey § 42:1A-33
JurisdictionNew Jersey
Title 42PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS
This text of New Jersey § 42:1A-33 (Dissociation; effects on partnership, partner) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.J. Stat. Ann. § 42:1A-33 (2026).
Text
33. a. If a partner's dissociation results in a dissolution and winding up of the partnership business, Article 8 of this act applies; otherwise, Article 7 of this act applies. b. Upon a partner's dissociation:
(1)the partner's right to participate in the management and conduct of the partnership business terminates, except as otherwise provided in section 41 of this act;
(2)the partner's duty of loyalty under paragraph (3) of subsection b. of section 24 of this act terminates; and (3) the partner's duty of loyalty under paragraphs (1) and (2) of subsection b. and duty of care under subsection c. of section 24 of this act continue only with regard to matters arising and events occurring before the partner's dissociation, unless the partner participates in winding up the partnership's bus
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Nearby Sections
15
§ 42:1A-1
Short title§ 42:1A-11
Property of the partnership§ 42:1A-14
Transfer of partnership property§ 42:1A-17
Partnership liable for loss, injury§ 42:1A-2
Definitions relative to partnerships§ 42:1A-20
Partnership by representation; liability§ 42:1A-21
Rights and duties of partners§ 42:1A-22
Distributions in kindCite This Page — Counsel Stack
Bluebook (online)
New Jersey § 42:1A-33, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/42/42%3A1A-33.