N.J.S.A. 42:5-5

Liability to copartners continues

42:5-5. Liability to copartners continues No compromise or composition of an individual partner with a creditor of such partnership shall in any way affect the right of the other copartners to call on such individual for his ratable portion of such partnership debt.

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This is the verbatim text of N.J.S.A. 42:5-5, 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.