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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: 42:3-15: Association continued for closing affairs

           Any limited partnership association formed under authority of article 1 of this chapter (s. 42:3-1 et seq.) shall, upon its expiration by its own limitations or its dissolution otherwise, be continued as such an association to enable it to prosecute and defend actions, to settle and close its affairs, dispose of and convey its property and assets of all kinds, both real and personal, and to divide its capital, but not for the purpose of continuing the business for which it was established.



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






Older versions of 42:3-15 (if available):



Court decisions that cite this statute: CLICK HERE.