New Jersey § 42:1a-18

Full text of New Jersey New Jersey Statutes § 42:1a-18, with citation guidance and answers to common questions.

§ 42:1a-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 the partnership unless otherwise

agreed by the claimant or provided by law. In addition, the entity is also liable for all obligations of the partnership as

provided by P.L.2019, c. 320 ( C.54A:12-1 et al.). b. A person admitted as a partner into an existing partnership is not personally liable

for any partnership obligation incurred before the person's admission as a partner. c. An obligation of a partnership incurred while the partnership is a limited liability

partnership, whether arising in contract, tort, or otherwise, is solely the obligation

of the partnership. A partner is not personally liable, directly or indirectly, by way of contribution

or otherwise, for such an obligation solely by reason of being or so acting as a partner. This subsection applies notwithstanding anything inconsistent in the partnership

agreement that existed immediately before the vote required to become a limited liability

partnership under subsection b. of section 47 of the “Uniform Partnership Act (1996),” P.L.2000, c. 161 ( C.42:1A-47 ) . d. In addition, the entity is also liable for all obligations of the partnership as

provided by P.L.2022, c. 133 ( C.54:50-47 et al.).

Frequently Asked Questions About New Jersey § 42:1a-18

What does New Jersey Statutes § 42:1a-18 cover?

Section 42:1a-18 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite New Jersey § 42:1a-18?

A common citation format is "New Jersey Statutes § 42:1a-18" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of New Jersey law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.

How does New Jersey § 42:1a-18 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.