N.J.S.A. 42:2A-48 — Rights of judgment creditor of a partner

42:2A-48. Rights of judgment creditor of a partner Rights of judgment creditor of a partner. On application to a court of competent jurisdiction by any judgment creditor of a partner, the court may charge the partnership interest of the partner with payment of the unsatisfied amount of the judgment with interest. To the extent so charged, the judgment creditor has only the rights of an assignee of the partnership interest. This chapter does not deprive any partner of the benefit of any exemption laws applicable to his partnership interest. L. 1983, c. 489, s. 47, eff. April 1, 1985.

This is the verbatim text of N.J.S.A. 42:2A-48, 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.