New Jersey § 42:6-1

Full text of New Jersey New Jersey Statutes § 42:6-1, with citation guidance and answers to common questions.

§ 42:6-1.

When any voluntary association, carrying on business with partnership liabilities,

is or shall become insolvent, has suspended or shall suspend its ordinary business

for want of funds to carry on the same, or whose debts are unpaid and whose business

is unsettled, any creditor or member of such association may in an action apply to

the Superior Court for injunctive relief and the appointment of receivers or trustees

for the winding up of the business and payment of the debts of the association. Thereupon the court may proceed in the action in a summary manner or otherwise and

the proceedings shall be as near as may be similar to those provided by law for winding

up insolvent corporations.

Frequently Asked Questions About New Jersey § 42:6-1

What does New Jersey Statutes § 42:6-1 cover?

Section 42:6-1 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 § 42:6-1?

A common citation format is "New Jersey Statutes § 42:6-1" (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 § 42:6-1 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.