42:3-13. Division of profits of business
79 words·~1 min read·
/nj/title-42/chapter-3/42-3-13·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A limited partnership association may, from time to time, divide the profits of its business in such manner and in such an amount as a majority of its managers may determine, which profits so divided shall not at the time diminish or impair the capital of the association. Any one consenting to a dividend which shall diminish or impair the capital shall be liable to any person interested or injured thereby to the amount of such diminution or impairment.