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

    Chapter 3: Under authority of R.S. 42:3-1 et seq.

      Section: 42:3-17: Trustees may sue or be sued

           The managers, constituted trustees as provided by section 42:3-16 of this title, may sue for and recover the debts owing to and the property of the association, in the name of the association, and may be sued by the same name, or in their own names or individual capacities, for the debts owing by such association, and shall be jointly and severally liable for such debts, to the amount of the moneys and property of the association coming into their possession as trustees.



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






Older versions of 42:3-17 (if available):



Court decisions that cite this statute: CLICK HERE.