New Jersey Statutes - Title 42 Partnerships and Partnership Associations - 42:3-17 Trustees may sue or be sued
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New Jersey Laws > Partnerships and Partnership Associations > New Jersey Statutes - Title 42 Partnerships and Partnership Associations - 42:3-17 Trustees may sue or be sued
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.
Sections: 3-13.1 3-13.2 3-13.3 3-13.4 3-14 3-15 3-16 3-17 3-18 3-19 3-20 3-21 3-22 3-23 3-24
Last modified: February 14, 2012
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