New Jersey Statutes - Title 42 Partnerships and Partnership Associations - 42:5-5 Liability to copartners continues
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New Jersey Laws > Partnerships and Partnership Associations > New Jersey Statutes - Title 42 Partnerships and Partnership Associations - 42:5-5 Liability to copartners continues
42:5-5. Liability to copartners continues
No compromise or composition of an individual partner with a creditor of such partnership shall in any way affect the right of the other copartners to call on such individual for his ratable portion of such partnership debt.
Sections: 4-13 4-14 4-15 5-1 5-2 5-3 5-4 5-5 6-1 6-2 6-5 6-7 6-8 6-9 6-10
Last modified: February 14, 2012
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