New Jersey § 3b:31-80
Full text of New Jersey New Jersey Statutes § 3b:31-80, with citation guidance and answers to common questions.
§ 3b:31-80.
Interest as General Partner. a. Except as otherwise provided in subsection c. of this section or unless personal
liability is imposed in the contract, a trustee who holds an interest as a general
partner in a general or limited partnership is not personally liable on a contract
entered into by the partnership after the trust's acquisition of the interest if the
fiduciary capacity was disclosed in the contract or in a statement previously filed
pursuant to the “Uniform Partnership Act (1996),” P.L.2000, c. 161 ( C.42:1A-1 et seq. ) or the “Uniform Limited Partnership Law (1976),” P.L.1983, c. 489 ( C.42:2A-1 et seq. ). b. Except as otherwise provided in subsection c. of this section, a trustee who holds
an interest as a general partner is not personally liable for torts committed by the
partnership or for obligations arising from ownership or control of the interest unless
the trustee is personally at fault. c. The immunity provided by this section does not apply if an interest in the partnership
is held by the trustee in a capacity other than that of trustee or is held by the
trustee's spouse or partner in a civil union or one or more of the trustee's descendants,
siblings, or parents, or the spouse or partner in a civil union of any of them. d. If the trustee of a revocable trust holds an interest as a general partner, the
settlor is personally liable for contracts and other obligations of the partnership
as if the settlor were a general partner.
Frequently Asked Questions About New Jersey § 3b:31-80
What does New Jersey Statutes § 3b:31-80 cover?
Section 3b:31-80 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 § 3b:31-80?
A common citation format is "New Jersey Statutes § 3b:31-80" (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 § 3b:31-80 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.