N.J. Stat. § 42:3-13

Current through L. 2023, c. 320.
Section 42:3-13 - Division of profits of business

A limited partnership association may, from time to time, divide the profits of its business in such manner and in such an amount as a majority of its managers may determine, which profits so divided shall not at the time diminish or impair the capital of the association. Any one consenting to a dividend which shall diminish or impair the capital shall be liable to any person interested or injured thereby to the amount of such diminution or impairment.

N.J.S. § 42:3-13