N.J.S.A. 42:3-12

Loan of association's credit, name or capital

42:3-12. Loan of association's credit, name or capital No limited partnership association shall loan its credit, its name or its capital to any of its members; but such loan may be made to any other person or association, with the consent in writing of a majority of the members in number and value of interest.

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This is the verbatim text of N.J.S.A. 42:3-12, 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. 42:3-12 — Loan of association's credit, name or capital | Kyzer