New Jersey § 42:2a-36

Full text of New Jersey New Jersey Statutes § 42:2a-36, with citation guidance and answers to common questions.

§ 42:2a-36.

Liability of partner for contribution. a. Except as provided in the certificate of limited partnership, a partner is obligated

to the limited partnership to perform any promise to contribute cash or property or

to perform services and this obligation shall not be affected by his ability to perform

because of his death or his disability or any other reason. If a partner does not make the promised contribution of property or services, he

or, if he is deceased, his estate is obligated at the option of the limited partnership

to contribute cash equal to that portion of the value, as stated in the limited partnership

agreement, of the stated contribution that has not been made. b. Unless otherwise provided in the partnership agreement, the obligation of a partner

to make a contribution or return money or other property paid or distributed in violation

of this chapter may be compromised only by consent of all the partners. Notwithstanding the compromise, a creditor of a limited partnership who extends

credit, or whose claim arises, after the filing of the certificate of limited partnership

or an amendment thereto which, in either case, reflects the obligation, and before

the amendment or cancellation thereof to reflect the compromise, may enforce the original

obligation.

Frequently Asked Questions About New Jersey § 42:2a-36

What does New Jersey Statutes § 42:2a-36 cover?

Section 42:2a-36 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 § 42:2a-36?

A common citation format is "New Jersey Statutes § 42:2a-36" (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 § 42:2a-36 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.