New Jersey § 42:2a-47
Full text of New Jersey New Jersey Statutes § 42:2a-47, with citation guidance and answers to common questions.
§ 42:2a-47.
Assignment of partnership interest; rights of assignee. Except as provided in the partnership agreement, a partnership interest is assignable
in whole or in part. An assignment of a partnership interest does not dissolve a limited partnership
or entitle the assignee to become or to exercise any rights of a partner. An assignment entitles the assignee to receive, to the extent assigned, only the
distribution to which the assignor would be entitled. Except as provided in the partnership agreement, a partner ceases to be a partner
upon assignment of all his partnership interest. Notwithstanding the foregoing, a general partner who assigns all of his general
partnership interest shall cease to be a general partner only upon the filing of a
certificate reflecting that fact in accordance with this chapter.
Frequently Asked Questions About New Jersey § 42:2a-47
What does New Jersey Statutes § 42:2a-47 cover?
Section 42:2a-47 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-47?
A common citation format is "New Jersey Statutes § 42:2a-47" (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-47 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.