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

    Chapter 2a:

      Section: 42:2a-11: Business transactions of partner with partnership

           Except as provided in the partnership agreement, a partner may lend money to and transact business with the limited partnership and, subject to other applicable law, has the same rights and obligations with respect thereto as a person who is not a partner.

L.1983, c. 489, s. 11, eff. April 1, 1985.



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






Older versions of 42:2a-11 (if available):



Court decisions that cite this statute: CLICK HERE.