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NOTE: This section was repealed by L.2012, c. 50, effective 2014-03-01.

New Jersey Statutes, Title: 42, PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS

    Chapter 2b:

      Section: 42:2b-36: Distributions to member prior to resignation, dissolution, winding up

           36. Except as provided in this act, to the extent and at the times or upon the happening of the events specified in an operating agreement, a member is entitled to receive from a limited liability company distributions before his resignation from the limited liability company and before the dissolution and winding up thereof.

L.1993,c.210,s.36.



This section added to the Rutgers Database: 2012-09-26 13:37:53.






Older versions of 42:2b-36 (if available):



Court decisions that cite this statute: CLICK HERE.