New Jersey Statutes 42:2A-35. Form of contribution by partners
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Terms Used In New Jersey Statutes 42:2A-35
- Contribution: means any cash, property, services rendered, or a promissory note or other binding obligation to contribute cash or property or to perform services, which a partner contributes to a limited partnership in his capacity as a partner. See New Jersey Statutes 42:2A-5
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Partner: means a limited or general partner. See New Jersey Statutes 42:2A-5
Form of contribution by partners. The contribution of a partner may be in cash, property, or services rendered, or a promissory note or other obligation to contribute cash or property or to perform services.
L. 1983, c. 489, s. 34, eff. April 1, 1985.