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New Jersey Statutes, Title: 42, PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS
Chapter 2a:
Section: 42:2a-45: Limitations on distribution
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.
This section added to the Rutgers Database: 2012-09-26 13:37:53.
Older versions of 42:2a-45 (if available):
Court decisions that cite this statute:
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