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Code · New Jersey · Title 42 — Recreation and Sports · Chapter 2A

42:2A-39. Interim distributions

99 words·~1 min read·/nj/title-42/chapter-2a/42-2a-39

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Interim distributions. Except as provided in this article, a partner is entitled to receive distributions from a limited partnership before his withdrawal from the limited partnership and before the dissolution and winding up thereof:
a. To the extent and at the times or upon the happening of the events specified in the partnership agreement; and
b. If any distribution constitutes a return of any part of his contribution, to the extent and at the times or upon the happening of the events specified in the certificate of limited partnership.
L. 1983, c. 489, s. 38, eff. April 1, 1985.
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