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New Jersey Statutes, Title: 42, PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS
Chapter 2a:
Section: 42:2a-39: Interim distributions
Interim distributions. Except as provided in this article, a partner is entitled to receive distributions from a limited partnership before his withdrawal from the limited partnership and before the dissolution and winding up thereof:
a. To the extent and at the times or upon the happening of the events specified in the partnership agreement; and
b. If any distribution constitutes a return of any part of his contribution, to the extent and at the times or upon the happening of the events specified in the certificate of limited partnership.
L. 1983, c. 489, s. 38, eff. April 1, 1985.
This section added to the Rutgers Database: 2012-09-26 13:37:53.
Older versions of 42:2a-39 (if available):
Court decisions that cite this statute:
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