reglab/housing_qa huggingface dataset:
NJ Rev Stat § 42:3-17 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:3-17 - Trustees may sue or be sued

42:3-17. Trustees may sue or be sued  The managers, constituted trustees as provided by section 42:3-16 of this title, may sue for and recover the debts owing to and the property of the association, in the name of the association, and may be sued by the same name, or in their own names or individual capacities, for the debts owing by such association, and shall be jointly and severally liable for such debts, to the amount of the moneys and property of the association coming into their possession as trustees.
NJ Rev Stat § 42:3-18 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:3-18 - Validity of deed made by trustees

42:3-18. Validity of deed made by trustees  When any deed or conveyance of real or personal property of any expired or dissolved limited partnership association shall be made, executed and delivered by the trustees thereof, the title of the purchaser or grantee in such deed to the real estate or personal property conveyed thereby shall be valid and effectual in law or equity, as fully and completely as if the same were conveyed by the association and all of its individual partners or members before, or by all of its individual partners or members after, the expiration or dissolution of the association.
NJ Rev Stat § 42:3-19 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:3-19 - Receiver for expired or dissolved association; application; summary hearing

42:3-19. Receiver for expired or dissolved association; application; summary hearing  Any creditor or member of any limited partnership association which has expired by its own limitation, or been otherwise dissolved, or which shall so expire or be dissolved may, at any time after such expiration or dissolution in an action apply to the Superior Court for the appointment of a receiver or receivers for the association. The court upon such notice as it may direct, may proceed in a summary manner or otherwise. Amended by L.1953, c. 40, p. 762, s. 9, eff. March 19, 1953.
NJ Rev Stat § 42:3-20 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:3-20 - Designation or appointment of trustees or receivers

42:3-20. Designation or appointment of trustees or receivers  If, in the action under section 42:3-19 of this Title, it shall appear to the court that such association has so expired or been dissolved, it may either continue the managers acting as such at the expiration or dissolution of the association, or the surviving managers or manager, trustees or trustee as provided by section 42:3-16 of this Title, or appoint one or more persons to be receivers of such association, and the creditors and members thereof. Amended by L.1953, c. 40, p. 762, s. 10, eff. March 19, 1953.
NJ Rev Stat § 42:3-21 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:3-21 - General powers of trustees or receivers

42:3-21. General powers of trustees or receivers  The receivers appointed under authority of section 42:3-20 of this Title, shall have full power and authority to demand, sue for, collect, receive and take into their possession all the property, both real and personal of every description, belonging to the association, and to sue for the recovery of any estate, property, damages or demands existing in favor of the association. The receivers may, in their discretion, compound and settle with any debtor or creditor of the association, or with persons having possession of its property or responsible to the association at the time of its expiration or dissolution or afterwards, upon such terms as such receivers shall deem just and beneficial to the association. The receivers may, in the case of mutual dealings between the association and any person, allow just set-offs in favor of such person where the same ought to be allowed. The receivers shall also have power and authority to do all other acts which might be done by the association if in being, and that may be necessary for the final settlement of the unfinished business of the association. Amended by L.1953, c. 40, p. 762, s. 11, eff. March 19, 1953.
NJ Rev Stat § 42:3-22 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:3-22 - Sale of property of association by receivers

42:3-22. Sale of property of association by receivers  The receivers appointed under authority of section 42:3-20 of this Title shall have power to sell, convey and assign all of the estates, property, rights and interests of the association, and shall hold and dispose of the proceeds of any such sale under the direction of the Superior Court. The title of the grantees or purchasers to the lands and property thus conveyed and assigned by said receivers shall be the same as if the property had been sold, conveyed and assigned by the association and all of its individual partners or members before the expiration or dissolution thereof or by all of the individual partners or members after the expiration or dissolution. Amended by L.1953, c. 40, p. 763, s. 12, eff. March 19, 1953.
NJ Rev Stat § 42:3-23 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:3-23 - Continuance of powers of trustees

42:3-23. Continuance of powers of trustees  The powers and authority vested in the receivers appointed under authority of section 42:3-20 of this Title may be continued as long as the Superior Court shall deem necessary. Amended by L.1953, c. 40, p. 763, s. 13, eff. March 19, 1953.
NJ Rev Stat § 42:3-24 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:3-24 - Application for injunctive relief and for receivers or trustees for insolvent association

42:3-24. Application for injunctive relief and for receivers or trustees for insolvent association  Any creditor or member of any limited partnership association formed under authority of article one of this chapter (s. 42:3-1 et seq.) which has become or is or shall become insolvent, or which has or shall suspend its ordinary business for want of funds to carry on the same, or the business of which has been and is being conducted at a great loss, greatly prejudicial to the interest of its creditors or members, may in an action apply to the Superior Court for injunctive relief and the appointment of a receiver or receivers or trustee or trustees for the association. Amended by L.1953, c. 40, p. 763, s. 14, eff. March 19, 1953.
NJ Rev Stat § 42:3-25 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:3-25 - Injunctive relief

42:3-25. Injunctive relief  The court may proceed in the action in a summary manner or otherwise. If it shall appear to the court that the association has become insolvent and is not about to resume its business in a short time thereafter, or that its business has been and is being conducted at a great loss and greatly prejudicial to the interests of its creditors or members, so that its business cannot be conducted with safety to the public and advantage to the members, it may provide injunctive relief to restrain the association, and its officers and agents, from exercising any of its privileges or franchises and from collecting or receiving any debts, or paying out, selling, assigning or transferring any of its estate, moneys, funds, lands, tenements or effects, except to a receiver appointed by the court, until the court shall otherwise order. Amended by L.1953, c. 40, p. 764, s. 15, eff. March 19, 1953.
NJ Rev Stat § 42:3-26 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:3-26 - Appointment of receivers or trustees when injunctive relief granted

42:3-26. Appointment of receivers or trustees when injunctive relief granted  The Superior Court, at the time of providing injunctive relief as stated in section 42:3-25 of this Title, or at any time thereafter, may appoint a receiver or receivers or trustees for the creditors and members of the association, who shall have all the powers and authority, rights and privileges, in this article prescribed and conferred upon the receiver or receivers hereinbefore provided for. Amended by L.1953, c. 40, p. 764, s. 16, eff. March 19, 1953.
NJ Rev Stat § 42:3-27 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:3-27 - Oath of receivers or trustees; filing

42:3-27. Oath of receivers or trustees; filing  Every receiver or trustee shall, before assuming the duties of his office, enter into such bond and comply with such terms as the court may prescribe, and take and subscribe the following oath: "I, , do swear that I will faithfully, honestly and impartially execute the powers and trusts reposed in me as receiver (or trustee), for the creditors and members of the , and that without favor or affection." Such oath shall be filed in the office of the Clerk of the Superior Court within ten days after the taking thereof. Amended by L.1953, c. 40, p. 765, s. 17, eff. March 19, 1953.
NJ Rev Stat § 42:3-28 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:3-28 - Jurisdiction of Superior Court

42:3-28. Jurisdiction of Superior Court  The Superior Court shall have jurisdiction of the actions provided for in this article, and all questions arising therein, and may make such orders and judgments therein as justice and equity shall require. Amended by L.1953, c. 40, p. 765, s. 18, eff. March 19, 1953.
NJ Rev Stat § 42:3-29 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:3-29 - Creditors paid pro rata; disposition of balance

42:3-29. Creditors paid pro rata; disposition of balance  Receivers or trustees of a limited partnership association appointed under the provisions of this article shall pay ratably, as far as possible, out of the funds of the expired, dissolved or insolvent association, all the creditors of the association who shall prove their debts or claims as directed by the court. Any balance remaining after the payment of the debts of the association and the necessary expenses of administration shall be distributed among the members of the association.
NJ Rev Stat § 42:4-1 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:4-1 - Purpose and construction of article

42:4-1. Purpose and construction of article  This article is remedial, provides additional remedies, and shall be liberally construed to effect its purpose, which is to permit the Superior Court speedily to dispose of actions involving dissolution of partnerships and the distribution of assets, and to prevent the acquisition of liens and preferences after the commencement of an action looking toward the distribution of the assets of a partnership amongst creditors. It shall not be so construed as to deprive the Superior Court of any of its existing jurisdiction. Amended by L.1953, c. 40, p. 765, s. 20, eff. March 19, 1953.
NJ Rev Stat § 42:4-2 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:4-2 - Distribution of assets, action for

42:4-2. Distribution of assets, action for  When an action is brought in the Superior Court for the dissolution of a partnership, with a view to a distribution of assets amongst creditors and others entitled thereto, the court may proceed in the action in a summary manner or otherwise. Amended by L.1953, c. 40, p. 765, s. 21, eff. March 19, 1953.
NJ Rev Stat § 42:4-7 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:4-7 - Temporary receiver or other custodian of property

42:4-7. Temporary receiver or other custodian of property  On application at the time of the commencement of the action or at any subsequent time before or after a judgment of dissolution or other judgment, the court may appoint a temporary receiver or may charge the persons in actual control of the partnership assets as trustees under appointment by and accountable to the court, and, from the time of the making of such order, the property of the partnership shall, until an order of the court made to the contrary, be considered as in custodia legis, with a view to ultimate distribution amongst creditors and others entitled to participate therein. Amended by L.1953, c. 40, p. 766, s. 26, eff. March 19, 1953.
NJ Rev Stat § 42:4-8 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:4-8 - Order to file claims and bar creditors

42:4-8. Order to file claims and bar creditors  The court may, either before or after a judgment of dissolution, make an order directing creditors to file their claims within such reasonable time as the court shall, by special order, prescribe and may make an order barring creditors. Amended by L.1953, c. 40, p. 766, s. 27, eff. March 19, 1953.
NJ Rev Stat § 42:4-9 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:4-9 - Procedure on dissolution and winding up

42:4-9. Procedure on dissolution and winding up  The proceedings upon the dissolution and winding up of a partnership shall be as near as may be similar to those provided for the winding up of corporations under Title 14, Corporations, General. Amended by L.1953, c. 40, p. 766, s. 28, eff. March 19, 1953.
NJ Rev Stat § 42:4-13 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:4-13 - Dissolution authorized; application; order of dissolution

42:4-13. Dissolution authorized; application; order of dissolution  If a member of a partnership is adjudicated incapacitated, the court may on application of another partner or other person as the court shall determine to be entitled to make the application, dissolve the partnership. The court may proceed in the action in a summary manner or otherwise. Amended by L.1953, c. 40, p. 767, s. 32, eff. March 19, 1953; 2013, c.103, s.113.
NJ Rev Stat § 42:4-14 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:4-14 - Powers and duties of guardian in general

42:4-14. Powers and duties of guardian in general  When a partnership is dissolved as provided by R.S.42:4-13, or is otherwise dissolved, and a partner has been adjudicated incapacitated, the guardian of the partner who is incapacitated, in the name and on behalf of that partner, may concur with the other partners or other persons interested in disposing of the partnership property, as directed by the court. Amended by L.1953, c. 40, p. 767, s. 33, eff. March 19, 1953; 2013, c.103, s.114.
NJ Rev Stat § 42:4-15 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:4-15 - Conveyances by guardian.

42:4-15. Conveyances by guardian.  42:4-15. The guardian mentioned in R.S.42:4-14 may make and execute all conveyances and do all things necessary to effectuate the provisions of this article and shall also dispose of all money or property received for, from, or on account of the share or interest in the partnership of the partner who is mentally incapacitated, as the court may direct. Amended by L.1953, c. 40, p. 767, s. 34, 2013, c.103, s.115.
NJ Rev Stat § 42:5-1 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:5-1 - Separate compromise with creditors by individual partner

42:5-1. Separate compromise with creditors by individual partner  Whenever any partnership has been or shall be dissolved by mutual consent or otherwise, any partner may make a separate composition or compromise with any one or all of the creditors of such partnership, and such composition or compromise shall be a full discharge to the partner making the same, and to him only, of and from all liability, incurred by reason of his connection with the partnership, to the creditors with whom the compromise is made.
NJ Rev Stat § 42:5-2 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:5-2 - Debtor to take creditor's memorandum; use in evidence

42:5-2. Debtor to take creditor's memorandum; use in evidence  Every partner making a composition or compromise under authority of section 42:5-1 of this title shall take from the creditors with whom he may make the same, a note or memorandum, in writing, exonerating him from any individual liability incurred by reason of his connection with such partnership, which note or memorandum may be pleaded in bar of the creditors' rights of recovery against him.
NJ Rev Stat § 42:5-3 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:5-3 - Discharge of judgment debt by filing acknowledged memorandum

42:5-3. Discharge of judgment debt by filing acknowledged memorandum  If the individual liability of a partner is upon a judgment of any court of record in this state, the clerk of such court shall, upon the filing with him of the note or memorandum mentioned in section 42:5-2 of this title, acknowledged by the parties making it as satisfactions of judgments are required to be acknowledged, discharge such judgment of record in so far as the compromising partner is concerned, and the ratable portion of the partner so released shall be credited as a payment on account of the judgment.
NJ Rev Stat § 42:5-4 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:5-4 - Compromise with one partner not to discharge copartners; effect on rights between creditors and copartners

42:5-4. Compromise with one partner not to discharge copartners; effect on rights between creditors and copartners  1. A compromise or composition with individual members of a partnership shall not: a. Discharge the other copartners; b. Impair the right of any creditor to proceed at law or in equity against such copartners who have not been discharged for the balance of said partnership debt after the ratable portion of said debtor so released shall have been deducted therefrom. 2. No such compromise or composition shall prevent any member of the partnership not discharged thereby from: a. Using as a set-off any demand against such creditors which could have been set off had suit been brought against all the individuals composing such firm; b. Availing himself of any defense at law or in equity, except that he shall not set up the discharge of one individual as a discharge of the other copartners other than to the extent of the ratable portion of such discharged individual, unless it shall appear that all were intended to be so discharged.
NJ Rev Stat § 42:5-5 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 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.
NJ Rev Stat § 42:6-1 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:6-1 - Application for injunction and receivers or trustees; procedure

42:6-1. Application for injunction and receivers or trustees; procedure  When any voluntary association, carrying on business with partnership liabilities, is or shall become insolvent, has suspended or shall suspend its ordinary business for want of funds to carry on the same, or whose debts are unpaid and whose business is unsettled, any creditor or member of such association may in an action apply to the Superior Court for injunctive relief and the appointment of receivers or trustees for the winding up of the business and payment of the debts of the association. Thereupon the court may proceed in the action in a summary manner or otherwise and the proceedings shall be as near as may be similar to those provided by law for winding up insolvent corporations. Amended by L.1953, c. 40, p. 767, s. 35, eff. March 19, 1953.
NJ Rev Stat § 42:6-2 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:6-2 - List of members filed with clerk of Superior Court

42:6-2. List of members filed with clerk of Superior Court  Upon the commencement of the action process shall issue, directed to the trustees or managers of the association as in other cases, who shall, on penalty of being proceeded against as for contempt, file, with the clerk of the Superior Court within ten days after service of process, a duly verified list of the names of all members of the association, with their several places of residence. Such members shall be made defendants to the action. Amended by L.1953, c. 40, p. 768, s. 36, eff. March 19, 1953.
NJ Rev Stat § 42:6-5 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:6-5 - Notice to creditors to file claims

42:6-5. Notice to creditors to file claims  The receivers or trustees appointed for the association shall give such notice as the court may direct to the creditors thereof, requiring them to file with them any claims they may have against the association, within such time as the court may direct, or be barred from all relief under the proceedings had by virtue of this chapter. Amended by L.1953, c. 40, p. 768, s. 39, eff. March 19, 1953.
NJ Rev Stat § 42:6-7 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:6-7 - Assessments on members to pay claims

42:6-7. Assessments on members to pay claims  If it shall appear by the report filed by the receivers or trustees that the assets of the association are insufficient to pay its debts and the expenses attending the winding up of the same, the court may assess against each member thereof a sum to be paid by him to the receivers or trustees in liquidation of such indebtedness. In making the assessment, the court may inquire into the solvency or ability of the members to pay the same, in order to assess sufficient moneys to pay all claims. If a sufficient amount to pay all claims is not assessed at one time, the court may, from time to time, make additional assessments, until an amount sufficient to satisfy all claims is obtained. Amended by L.1953, c. 40, p. 768, s. 41, eff. March 19, 1953.
NJ Rev Stat § 42:6-8 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:6-8 - Actions by receivers or trustees for assessments on members

42:6-8. Actions by receivers or trustees for assessments on members  The receivers or trustees of the association shall have authority to maintain, in their own names as receivers or trustees, actions in any court of competent jurisdiction in this state for the collection of the amounts assessed against the members of the association.
NJ Rev Stat § 42:6-9 (2021)
2021 New Jersey Revised Statutes|Title 42 - Partnerships and Partnership Associations|Section 42:6-9 - Repayment of excess of funds derived from assessments

42:6-9. Repayment of excess of funds derived from assessments  If, on the final account of the receivers or trustees, it shall appear that, as a result of the assessments made under section 42:6-7 of this title, more funds have been realized and remain unexpended in the hands of the receivers or trustees than are necessary to satisfy all claims against the association and the expenses of the proceedings under this chapter, such surplus shall be repaid pro rata to those who have contributed thereto.