New Jersey § 42:1a-32
Full text of New Jersey New Jersey Statutes § 42:1a-32, with citation guidance and answers to common questions.
§ 42:1a-32.
a. A partner has the power to dissociate at any time, rightfully or wrongfully, by
express will pursuant to subsection a. of section 31 of this act. 1 b. A partner's dissociation is wrongful only if: (1) it is in breach of an express provision of the partnership agreement; or (2) in the case of a partnership for a definite term or particular undertaking, before
the expiration of the term or the completion of the undertaking: (a) the partner withdraws by express will, unless the withdrawal follows within 90
days after another partner's dissociation by death or otherwise under subsections
f. through j. of section 31 of this act or wrongful dissociation under this subsection; (b) the partner is expelled by judicial determination under subsection e. of section
31 of this act; (c) the partner is dissociated by becoming a debtor in bankruptcy; or (d) in the case of a partner who is not an individual, trust other than a business
trust, or estate, the partner is expelled or otherwise dissociated because it willfully
dissolved or terminated. c. A partner who wrongfully dissociates is liable to the partnership and to the other
partners for damages caused by the dissociation. The liability is in addition to any other obligation of the partner to the partnership
or to the other partners. 1
N.J.S.A. § 42:1A-31.
Frequently Asked Questions About New Jersey § 42:1a-32
What does New Jersey Statutes § 42:1a-32 cover?
Section 42:1a-32 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-32?
A common citation format is "New Jersey Statutes § 42:1a-32" (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-32 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.