N.J.S.A. 42:2A-42 — Distribution upon withdrawal

42:2A-42. Distribution upon withdrawal Distribution upon withdrawal. Except as provided in this article, upon withdrawal any withdrawing partner is entitled to receive any distribution to which he is entitled under the partnership agreement and, if not otherwise provided in the agreement, he is entitled to receive, within a reasonable time after withdrawal, the fair value of his interest in the limited partnership as of the date of withdrawal, based upon his right to share in distributions from the limited partnership. L. 1983, c. 489, s. 41, eff. April 1, 1985.

This is the verbatim text of N.J.S.A. 42:2A-42, 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.