New Jersey § 42:5-2 Debtor to take creditor's memorandum;  use in evidence

New Jersey Statutes

§ 42:5-2 — Debtor to take creditor's memorandum; use in evidence

New Jersey § 42:5-2

Title 42PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS

This text of New Jersey § 42:5-2 (Debtor to take creditor's memorandum; use in evidence) 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. § 42:5-2 (2026).

Text

Every partner making a composition or compromise under authority of section 42:5-1 of this title shall take from the creditors with whom he may make the same, a note or memorandum, in writing, exonerating him from any individual liability incurred by reason of his connection with such partnership, which note or memorandum may be pleaded in bar of the creditors' rights of recovery against him.

Free access — add to your briefcase to read the full text and ask questions with AI