New Jersey Partnerships And Partnership Associations Laws

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• New Jersey Partnerships And Partnership Associations Laws Section 42:1A-1. Short title
  1. Sections 1 through 56 and 59 of this act shall be known and may be cited as the "Uniform Partnership Act (1996)." ...
• New Jersey Partnerships And Partnership Associations Laws Section 42:1A-2. Definitions relative to partnerships
  2. As used in this act: "Business" includes every trade, occupation, and profession. "Debtor in bankruptcy" means a person who is ...
• New Jersey Partnerships And Partnership Associations Laws Section 42:1A-3. Explanation of knowledge, notice; giving, receiving notice
  3. a. A person knows a fact if the person has actual knowledge of it. b. A person has notice of a fact if the ...
• New Jersey Partnerships And Partnership Associations Laws Section 42:1A-4. Agreement governing partners, partnership; prohibited terms
  4. a. Except as otherwise provided in subsection b. of this section, relations among the partners and between the partners and the partnership are governed ...
• New Jersey Partnerships And Partnership Associations Laws Section 42:1A-5. Principles of law and equity applicable; rate of interest determined
  5. a. Unless displaced by particular provisions of this act, the principles of law and equity supplement this act. b. If an obligation to pay ...
• New Jersey Partnerships And Partnership Associations Laws Section 42:1A-6. Statements filed in the Division of Commercial Recording; effects, fees
  6. a. A statement may be filed in the office of the Division of Commercial Recording in the Department of the Treasury. A certified copy ...
• New Jersey Partnerships And Partnership Associations Laws Section 42:1A-7. Law governing relations among partners, between partners and partnership
  7. a. Except as otherwise provided in subsection b. of this section, the law of the jurisdiction in which a partnership has its chief executive ...
• New Jersey Partnerships And Partnership Associations Laws Section 42:1A-8. Partnership governed by this act and its amendments
  8. A partnership governed by the provisions of this act is subject to any amendment to or repeal of this act. L.2000,c.161, ...
• New Jersey Partnerships And Partnership Associations Laws Section 42:1A-9. Entity as partnership; limited partnership
  9. a. A partnership is an entity distinct from its partners. b. A limited liability partnership continues to be the same entity that existed before ...
• New Jersey Partnerships And Partnership Associations Laws Section 42:1A-10. Formation of partnership; rules for determining formation
  10. a. Except as otherwise provided in subsection b. of this section, the association of two or more persons to carry on as co-owners ...
• New Jersey Partnerships And Partnership Associations Laws Section 42:1A-11. Property of the partnership
  11. Property acquired by a partnership is property of the partnership and not of the partners individually. L.2000,c.161,s.11. ...
• New Jersey Partnerships And Partnership Associations Laws Section 42:1A-12. Acquisition of partnership property; presumptions
  12. a. Property is partnership property if acquired in the name of: (1) the partnership; or (2) one or more partners with an indication in ...
• New Jersey Partnerships And Partnership Associations Laws Section 42:1A-13. Partner considered agent of partnership; limitation
  13. Subject to the effect of a statement of partnership authority under section 15 of this act: a. Each partner is an agent of the ...
• New Jersey Partnerships And Partnership Associations Laws Section 42:1A-14. Transfer of partnership property
  14. a. Partnership property may be transferred as follows: (1) subject to the effect of a statement of partnership authority under section 15 of this ...
• New Jersey Partnerships And Partnership Associations Laws Section 42:1A-15. Statement of partnership authority; filing
  15. a. A partnership may file a statement of partnership authority, which: (1) shall include: (a) the name of the partnership; (b) the street address ...
• New Jersey Partnerships And Partnership Associations Laws Section 42:1A-16. Statement of denial; limitation on authority
  16. A partner or other person named as a partner in a filed statement of partnership authority or in a list maintained by an agent ...
• New Jersey Partnerships And Partnership Associations Laws Section 42:1A-17. Partnership liable for loss, injury
  17. a. A partnership is liable for loss or injury caused to a person, or for a penalty incurred, as a result of a wrongful ...
• New Jersey Partnerships And Partnership Associations Laws Section 42:1A-18. Partnership obligations; liability of partners
  18. a. Except as otherwise provided in subsections b. and c. of this section, all partners are liable jointly and severally for all obligations of ...
• New Jersey Partnerships And Partnership Associations Laws Section 42:1A-19. Suits, actions by or against partnership; satisfaction of judgments
  19. a. A partnership may sue and be sued in the name of the partnership. b. An action may be brought against the partnership and, ...
• New Jersey Partnerships And Partnership Associations Laws Section 42:1A-20. Partnership by representation; liability
  20. a. If a person, by words or conduct, purports to be a partner, or consents to being represented by another as a partner, in ...
• New Jersey Partnerships And Partnership Associations Laws Section 42:1A-21. Rights and duties of partners
  21. a. Each partner is deemed to have an account that is: (1) credited with an amount equal to the money plus the value of ...
• New Jersey Partnerships And Partnership Associations Laws Section 42:1A-22. Distributions in kind
  22. A partner has no right to receive, and shall not be required to accept, a distribution in kind. L.2000,c.161,s.22. ...
• New Jersey Partnerships And Partnership Associations Laws Section 42:1A-23. Books, records; rendering of information
  23. a. A partnership shall keep its books and records, if any, at its chief executive office. b. A partnership shall provide partners and their ...
• New Jersey Partnerships And Partnership Associations Laws Section 42:1A-24. Fiduciary duties
  24. a. The only fiduciary duties a partner owes to the partnership and the other partners are the duty of loyalty and the duty of ...
• New Jersey Partnerships And Partnership Associations Laws Section 42:1A-25. Legal actions
  25. a. A partnership may maintain an action against a partner for a breach of the partnership agreement, or for the violation of a duty ...
• New Jersey Partnerships And Partnership Associations Laws Section 42:1A-26. Continuation of partnership beyond term or undertaking
  26. a. If a partnership for a definite term or particular undertaking is continued, without an express agreement, after the expiration of the term or ...

Last modified: October 22, 2006