N.J.S.A. 42:4-1 — Purpose and construction of article

42:4-1. Purpose and construction of article This article is remedial, provides additional remedies, and shall be liberally construed to effect its purpose, which is to permit the Superior Court speedily to dispose of actions involving dissolution of partnerships and the distribution of assets, and to prevent the acquisition of liens and preferences after the commencement of an action looking toward the distribution of the assets of a partnership amongst creditors. It shall not be so construed as to deprive the Superior Court of any of its existing jurisdiction. Amended by L.1953, c. 40, p. 765, s. 20, eff. March 19, 1953.

This is the verbatim text of N.J.S.A. 42:4-1, 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.