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New Jersey Statutes, Title: 42, PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS
Chapter 3: Under authority of R.S. 42:3-1 et seq.
Section: 42:3-12: Loan of association's credit, name or capital
No limited partnership association shall loan its credit, its name or its capital to any of its members; but such loan may be made to any other person or association, with the consent in writing of a majority of the members in number and value of interest.
This section added to the Rutgers Database: 2012-09-26 13:37:53.
Older versions of 42:3-12 (if available):
Court decisions that cite this statute:
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