N.J. Admin. Code § 13:70-5.21

Current through Register Vol. 56, No. 24, December 18, 2024

Section 13:70-5.21 - Partner ownership

Any partner transacting business on behalf of a partnership must own an interest in the partnership at least equal to that of any other partner; and when authorizing any person to act as agent for a partnership, an interest of at least 50 percent must be represented.