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2020 New Jersey Revised Statutes
Title 42 - Partnerships and Partnership Associations
Section 42:2A-45 - Limitations on distribution
Universal Citation: NJ Rev Stat § 42:2A-45 (2020)
42:2A-45. Limitations on distribution
Limitations on distribution. A partner may not receive a distribution from a limited partnership to the extent that, after giving effect to the distribution, all liabilities of the limited partnership, other than liabilities to partners on account of their partnership interests, exceed the fair value of the partnership assets.
L. 1983, c. 489, s. 44, eff. April 1, 1985.
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