Search Rutgers Law Library N.J. Court Opinions

1 JOSEPH C. MUSUMECI, v. DIRECTOR, DIVISION OF TAXATION, -- rank: 1000

... LLCs. In partnership accounting, each partner has a capital account. N.J.S.A. 42:1A-21(a). 5 The allocations and distributions to members are reported ... capital accounts track the equity allocated to each partner. 7 N.J.S.A. 42 :1A- 21(b). Some of the default rules have been codified by ... requirements to be satisfied to avoid unfavorable tax treatment. See N.J.S.A. 42:1A-21, -45 (New Jersey’s adoption of Uniform Partnership Act dealing ... decreased by a partner’s distributions and share of losses. N.J.S.A. 42:1A-21(a). At the conclusion or dissolution of the partnership, if ...

docket:	000169-21
court:	NJ Superior Court Appellate Division
decided:	2023-03-28
status:	Unpublished
citation:
Document Size:	23953

2 ANDREW T. ZIDEL v. LERNER, DAVID -- rank: 906

... only with the consent of all of the 2 partners.' N.J.S.A. 42:1A-21(j) (emphasis added). Zidel argues his consistent criticism of terms ...

docket:	a0962-22
court:	NJ Superior Court Appellate Division
decided:	2024-02-27
status:	Unpublished
citation:
Document Size:	49252

3 ORLANDO A. MUNOZ v. ROBERT P. PERLA -- rank: 848

... partners of Heritage imposed by law, statutory duties imposed under N.J.S.A. 42:1A-21 and N.J.S.A. 42:1A-24 of the ... it noted that the defendants violated a provision identical to N.J.S.A. 42:1A-21(g), "A partner shall use or possess partnership property only ...

docket:	a5922-08
court:	NJ Superior Court Appellate Division
decided:	2011-12-20
status:	unpublished
citation:
Document Size:	88440

4 JARWICK DEVELOPMENTS, INC v. JOSEPH WILF -- rank: 707

... N.J.S.A. 42:1A-20 to -56. Indeed, N.J.S.A. 42:1A-21(h) states that '[a] partner is not entitled to remuneration ...

docket:	a2053-13
court:	NJ Superior Court Appellate Division
decided:	2018-06-01
status:	unpublished
citation:
Document Size:	210674

5 ROBERT BORTECK v. THOMAS N. TORZEWSKI -- rank: 649

... N.J.S.A. 42:1A-10(c)(3), and N.J.S.A. 42:1A-21(b). We address each provision and why none is availing ... of the firm – or losses. Finally, defendant relies upon N.J.S.A. 42:1A-21(b), which provides, "[e]ach partner is entitled to an ...

docket:	a3501-15
court:	NJ Superior Court Appellate Division
decided:	2017-09-25
status:	unpublished
citation:
Document Size:	28530