New Jersey § 42:2a-60
Full text of New Jersey New Jersey Statutes § 42:2a-60, with citation guidance and answers to common questions.
§ 42:2a-60.
Transacting business without certificate of authority. a. A foreign limited partnership transacting business in this State may not maintain
an action in any court of this State until it has obtained a certificate of authority
to transact business in this State. b. The failure of a foreign limited partnership to obtain a certificate of authority
to transact business in this State does not impair the validity of any contract or
act of the foreign limited partnership or prevent the foreign limited partnership
from defending an action in any court of this State. c. A limited partner of a foreign limited partnership is not liable as a general partner
of the foreign limited partnership solely by reason of the foreign limited partnership
having transacted business in this State without having obtained a certificate of
authority to transact business; provided that, on ascertaining that no certificate
of authority to transact business in this State exists, he promptly: (1) Causes an appropriate certificate of authority to transact business in this State
to be executed and filed; or (2) Withdraws from future equity participation in the enterprise pursuant to the laws
of the state in which the limited partnership was formed. d. A foreign limited partnership, by transacting business in this State without having
obtained a certificate of authority to transact business, appoints the Secretary of
State as its agent for service of process with respect to claims arising out of the
transaction of business in this State. e. A foreign limited partnership which transacts business in this State without a
certificate of authority to transact business shall forfeit to the State a penalty
of not less than $200.00, nor more than $1,000.00 for each calendar year, or part
thereof, not more than five years prior thereto, in which it shall have transacted
business in this State without the certificate. The penalty shall be recovered with costs in an action prosecuted by the Attorney
General. The court may proceed in the action in a summary manner or otherwise.
Frequently Asked Questions About New Jersey § 42:2a-60
What does New Jersey Statutes § 42:2a-60 cover?
Section 42:2a-60 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-60?
A common citation format is "New Jersey Statutes § 42:2a-60" (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-60 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.