New Jersey Statutes
§ 42:2A-45 — Limitations on distribution
New Jersey § 42:2A-45
JurisdictionNew Jersey
Title 42PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS
This text of New Jersey § 42:2A-45 (Limitations on distribution) 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-45 (2026).
Text
Limitations on distribution. A partner may not receive a distribution from a limited partnership to the extent that, after giving effect to the distribution, all liabilities of the limited partnership, other than liabilities to partners on account of their partnership interests, exceed the fair value of the partnership assets. L. 1983, c. 489, s. 44, eff. April 1, 1985.
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Nearby Sections
15
§ 42:2A-1
Short title.§ 42:2A-10
What business authorized§ 42:2A-12
Nature of partnership interest§ 42:2A-14
Certificate of limited partnership§ 42:2A-15
Time when partnership formed§ 42:2A-16.1
Certificate of correction§ 42:2A-17
When amendment to certificate required§ 42:2A-18
Cancellation of certificate§ 42:2A-19
Execution of certificate§ 42:2A-2
Rules of constructionCite This Page — Counsel Stack
Bluebook (online)
New Jersey § 42:2A-45, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/42/42%3A2A-45.