New Jersey Statutes 42:2A-17. When amendment to certificate required
Terms Used In New Jersey Statutes 42:2A-17
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- 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
- Event of withdrawal of a general partner: means an event that causes a person to cease to be a general partner as provided in this chapter, or in the partnership agreement. See New Jersey Statutes 42:2A-5
- General partner: means a person who has been admitted to a limited partnership as a general partner in accordance with the partnership agreement and named in the certificate of limited partnership as a general 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
- 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.
- Person: means a natural person, partnership, limited partnership (domestic or foreign), limited liability company or other limited liability entity, trust, estate, association, or corporation. See New Jersey Statutes 42:2A-5
a. There is a change in the name of the partnership;
b. There is a decrease in the amount of the contribution of the partners;
c. There is the admission of a new general partner or an event of withdrawal of a general partner;
d. There is a change in the character of the business of the partnership;
e. There is a continuation of the partnership business under section 50 of P.L. 1983, c. 489 (C. 42:2A-51) after an event of withdrawal of a general partner;
f. There is a change in the time as stated in the certificate for dissolution of the partnership or for the return of a contribution;
g. There is a time fixed for dissolution of the partnership or the return of a contribution, no time therefor having been specified in the certificate;
h. There is a false or erroneous statement in the certificate or that any arrangements or other facts described in the certificate have changed making the certificate inaccurate in any respect; and
i. (Deleted by amendment, P.L. 1988, c. 130.)
No person shall be liable if an amendment to a certificate of limited partnership reflecting the occurrence of any event referred to in this section is filed within 30 days of the event which gives rise to the obligation to file the amendment.
A restated certificate of limited partnership may be adopted, executed and filed in the same manner as a certificate of amendment.
L. 1983, c. 489, s. 16; amended 1984, c.245,s.7; 1988,c.130,s.7.