State Codes and Statutes

Statutes > New-jersey > Title-42 > Section-42-3 > 42-3-12

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.

State Codes and Statutes

Statutes > New-jersey > Title-42 > Section-42-3 > 42-3-12

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.