How S 2191 changes current law

Expands liability of certain individuals associated with limited liability companies and other commercial entities, when acting as residential landlord. · New Jersey

How this bill changes current law

3 changes

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

This bill amends 3 section(s) of the New Jersey statutes: N.J.S.A. 42:2C-30; N.J.S.A. 46:8-28; N.J.S.A. 46:8-28.1.

  • N.J.S.A. 42:2C-30

    c. Notwithstanding any provision of this section to the contrary, with regard to any charge issued following the effective date of P.L., c. (C. ) (pending before the Legislature as this bill), the members of a member-managed limited liability company who possess at least a 10 percent interest in the business, and the managers of a manager-managed limited liability company, shall be jointly and severally liable for: (1) housing code, building code, or health code charges, so long as the conditions under subsection b. of section 1 of P.L. , c. (C. ) (pending before the Legislature as this bill) have been satisfied; and (2) charges issued pursuant to the "Hotel and Multiple Dwelling Law," P.L.1967, c.76 (C.55:13A-1 et seq.), so long as the conditions under subsection b. of section 2 of P.L. , c. (C. ) (pending before the Legislature as this bill) have been satisfied.

    amended

  • N.J.S.A. 46:8-28

    this act corporate of said corporation → P.L.1974, c.50 (C.46:8-28) a limited liability company, or any other legal or commercial entity, , the members with at least a 10 percent interest in a member-managed limited liability company, the managers of a manager-managed limited liability company, the and directors of a corporation, as applicable

    amended

  • N.J.S.A. 46:8-28.1

    and → , , and shall notify the construction official, appointed pursuant to section 8 of P.L.1975, c.217 (C.52:27D-126), and the Director of the Division of Taxation in the Department of the Treasury, of the name and address of the record owner, and registered agent as applicable

    amended

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