N.J.S.A. 2A:19-49 — Partnership and individual estates to be kept separate

2A:19-49. Partnership and individual estates to be kept separate In all cases where a general assignment includes both a partnership and an individual estate, the same shall be kept separate in all proceedings under this chapter, and all notices and accounts in relation thereto shall plainly distinguish between the different estates, and all proceedings, orders and judgments shall recognize the rights and equities of the different classes of creditors, to the end that the property assigned may be equitably applied to the payment of the claims of such creditors. L.1951 (1st SS), c.344.

This is the verbatim text of N.J.S.A. 2A:19-49, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.