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NOTE: This section was repealed by L.2012, c. 50, effective 2014-03-01.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-8: Purpose of limited liability company; powers

           8. a. A limited liability company may carry on any lawful business, purpose or activity.

b. A limited liability company shall possess and may exercise all the powers and privileges granted by this act or by any other law or by its operating agreement, together with any powers incidental thereto, so far as such powers and privileges are necessary or convenient to the conduct, promotion or attainment of the business, purposes or activities of the limited liability company.

L.1993,c.210,s.8.



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






Older versions of 42:2b-8 (if available):



Court decisions that cite this statute: CLICK HERE.