New Jersey Statutes
§ 42:2C-33 Liability for contributions.
New Jersey § 42:2C-33 Liability for contributions.
JurisdictionNew Jersey
Title 42PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS
This text of New Jersey § 42:2C-33 Liability for contributions. 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. § 42:2C-33 Liability for contributions. (2026).
Text
33.Liability for Contributions.
a.A person's obligation to make a contribution to a limited liability company is not excused by the person's death, disability, or other inability to perform personally. If a person does not make a required contribution of property or services, the person or the person's estate is obligated, at the option of the company, to contribute money equal to the value of the part of the contribution which has not been made.
b.A creditor of a limited liability company which extends credit or otherwise acts in reliance on an obligation described in subsection a. of this section may enforce the obligation. L.2012, c.50, s.33.
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Nearby Sections
15
§ 42:2C-1
Short title.§ 42:2C-10
Reservation of name.§ 42:2C-14
Office and agent for service of process.§ 42:2C-17
Service of process.§ 42:2C-2
Definitions.§ 42:2C-23
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Bluebook (online)
New Jersey § 42:2C-33 Liability for contributions., Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/42/42%3A2C-33%20Liability%20for%20contributions..