42:3-14 - Dissolution; when authorized; notice; publication - New Jersey Statutes

42:3-14.  Dissolution;  when authorized;  notice;  publication
    1.  A limited partnership association formed under authority of article 1 of  this chapter (s. 42:3-1 et seq.) may be dissolved:

    I.  Whenever the period fixed for the duration of the association expires;

     II.  Whenever by a vote of a majority in number and value of interest, it shall be so determined.

     2.  Notice of the dissolution shall be given by publication in two newspapers published in the proper city or county at least six consecutive times, and immediately upon the commencement of such publication the association shall cease to carry on its business, except so far as may be required for the beneficial winding up thereof.