New Jersey § 42:1a-53
Full text of New Jersey New Jersey Statutes § 42:1a-53, with citation guidance and answers to common questions.
§ 42:1a-53.
a. Activities of a foreign limited liability partnership which do not constitute transacting
business for the purpose of sections 50 through 53 of this act include: 1 (1) maintaining, defending, or settling an action or proceeding; (2) holding meetings of its partners or carrying on any other activity concerning
its internal affairs; (3) maintaining bank accounts; (4) maintaining offices or agencies for the transfer, exchange and registration of
the partnership's own securities or maintaining trustees or depositories with respect
to those securities; (5) selling through independent contractors; (6) soliciting or obtaining orders, whether by mail or through employees or agents
or otherwise, if the orders require acceptance outside this State before they become
contracts; (7) creating or acquiring indebtedness, with or without a mortgage, or other security
interest in property; (8) collecting debts or foreclosing mortgages or other security interests in property
securing the debts, and holding, protecting, and maintaining property so acquired; (9) conducting an isolated transaction that is completed within 30 days and is not
one in the course of similar transactions; and (10) transacting business in interstate commerce. b. For purposes of sections 50 through 53 of this act, the ownership in this State
of income-producing real property or tangible personal property, other than property
excluded under subsection a. of this section, constitutes transacting business in
this State. c. This section does not apply in determining the contacts or activities that may
subject a foreign limited liability partnership to service of process, taxation, or
regulation under any other law of this State. 1
N.J.S.A. §§ 42:1A-50 through 42:1A-53.
Frequently Asked Questions About New Jersey § 42:1a-53
What does New Jersey Statutes § 42:1a-53 cover?
Section 42:1a-53 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-53?
A common citation format is "New Jersey Statutes § 42:1a-53" (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-53 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.