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NOTE: This section was repealed by L.2012, c. 50, effective 2014-03-01.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-10: Indemnification powers
10. Subject to such standards and restrictions, if any, as are set forth in its operating agreement, a limited liability company may, and shall have the power to, indemnify and hold harmless any member or manager or other person from and against any and all claims and demands whatsoever.
L.1993,c.210,s.10.
This section added to the Rutgers Database: 2012-09-26 13:37:53.
Older versions of 42:2b-10 (if available):
Court decisions that cite this statute:
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