New Jersey § 42:2A-39 Interim distributions

New Jersey Statutes

§ 42:2A-39 — Interim distributions

New Jersey § 42:2A-39

Title 42PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS

This text of New Jersey § 42:2A-39 (Interim distributions) 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. § 42:2A-39 (2026).

Text

Interim distributions. Except as provided in this article, a partner is entitled to receive distributions from a limited partnership before his withdrawal from the limited partnership and before the dissolution and winding up thereof: a. To the extent and at the times or upon the happening of the events specified in the partnership agreement; and b. If any distribution constitutes a return of any part of his contribution, to the extent and at the times or upon the happening of the events specified in the certificate of limited partnership. L. 1983, c. 489, s. 38, eff. April 1, 1985.

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Interim distributions. Except as provided in this article, a partner is entitled to receive distributions from a limited partnership before his withdrawal from the limited partnership and before the dissolution and winding up thereof: a. To the extent and at the times or upon the happening of the events specified in the partnership agreement; and b. If any distribution constitutes a return of any part of his contribution, to the extent and at the times or upon the happening of the events specified in the certificate of limited partnership. L. 1983, c. 489, s. 38, eff. April 1, 1985.