New Jersey Statutes
§ 42:2A-45 — Limitations on distribution
New Jersey·Title 42 PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS
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 construction