Partnership Act. Ownership. Except as otherwise stated herein, the rights and obligations of the Partners and the administration and termination of the Partnership shall be governed by the New Jersey Uniform Partnership Law, N.J.S.A. ss. 42:1-1, et. seq., as it may be amended from time to time, except as the Partners may provide otherwise. The interest of each Partner in the Partnership shall be personal property for all purposes. Legal title to real and other property owned by the Partnership may be held in the name of either the Partnership or any one or more of the Partners.
Appears in 3 contracts
Samples: Partnership Agreement (Pruco Life of New Jersey Variable Contract Real Property Acc), Partnership Agreement (Pruco Life Variable Contract Real Property Account), Partnership Agreement (Pruco Life of New Jersey Variable Contract Real Property Acc)
Partnership Act. Ownership. Except as otherwise stated herein, the rights and obligations of the Partners and the administration and termination of the Partnership shall be governed by the New Jersey Uniform Partnership Law, N.J.S.A. ss. 42:1ss.42:1-1, et. seq., as it may be amended from time to time, except as the Partners may provide otherwise. The interest of each Partner in the Partnership shall be personal property for all purposes. Legal title to real and other property owned by the Partnership may be held in the name of either the Partnership or any one or more of the Partners.
Appears in 1 contract
Samples: Partnership Agreement (Prudential Variable Contract Real Property Account)
