New Jersey § 42:2a-51
Full text of New Jersey New Jersey Statutes § 42:2a-51, with citation guidance and answers to common questions.
§ 42:2a-51.
Dissolution. A limited partnership is dissolved and its affairs shall be wound up
upon the happening of any of the following: a. At the time fixed in or upon the happening of events specified in the certificate
of limited partnership; b. The written consent of all partners; c. An event of withdrawal of a general partner unless at the time there is at least
one other general partner and the certificate of limited partnership permits the business
of the limited partnership to be carried on by the remaining general partner or partners
and that partner or partners do so, but the limited partnership is not dissolved and
is not required to be wound up by reason of any event of withdrawal, if, within 90
days or shorter period as may be provided in the partnership agreement after the withdrawal,
all of the remaining general partners and all or such lesser number as may be provided
in the partnership agreement, but not less than two-thirds in interest, of the remaining
limited partners agree in writing to continue the business of the limited partnership
and to the appointment of one or more additional general partners if necessary or
desired; d. The entry of an order or judgment of dissolution under section 51 of P.L. 1983,
c. 489 ( C.42:2A-52 ).
Frequently Asked Questions About New Jersey § 42:2a-51
What does New Jersey Statutes § 42:2a-51 cover?
Section 42:2a-51 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-51?
A common citation format is "New Jersey Statutes § 42:2a-51" (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-51 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.