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NOTE: This section was repealed by L.2012, c. 50, effective 2014-03-01.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-49: Dissolution by decree

           49. On application by or for a member or manager the Superior Court may decree dissolution of a limited liability company whenever it is not reasonably practicable to carry on the business in conformity with an operating agreement.

L.1993,c.210,s.49.



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






Older versions of 42:2b-49 (if available):



Court decisions that cite this statute: CLICK HERE.