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Terms Used In New Jersey Statutes 42:2A-1

  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
This chapter may be cited as the “Uniform Limited Partnership Law (1976)” .

L.1983, c. 489, s. 1, eff. April 1, 1985.