N.J.S.A. 42:2A-62

Right of action

42:2A-62. Right of action Right of action. A limited partner may bring an action in the right of a limited partnership to recover a judgment in its favor against one or more general partners, former general partners, limited partners, or third parties, if general partners with authority to do so have refused to bring the action or if an effort to cause those general partners to bring the action is not likely to succeed. L. 1983, c. 489, s. 61; amended 1988,c.130,s.31.

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This is the verbatim text of N.J.S.A. 42:2A-62, 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.

N.J.S.A. 42:2A-62 — Right of action | Kyzer