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New Jersey Statutes, Title: 42, PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS
Chapter 5: Separate compromise with creditors by individual partner
Section: 42:5-5: Liability to copartners continues
No compromise or composition of an individual partner with a creditor of such partnership shall in any way affect the right of the other copartners to call on such individual for his ratable portion of such partnership debt.
This section added to the Rutgers Database: 2012-09-26 13:37:53.
Older versions of 42:5-5 (if available):
Court decisions that cite this statute:
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