Important Changes In Limited Liability Company Governance Under The Revised New Jersey Limited Liability Company Act
Effective April 1, 2014, all limited liability companies ("LLCs") formed in New Jersey will be governed by the Revised Uniform Limited Liability Company Act, N.J.S.A. 42:2C-1 through N.J.S.A. 42:2C-17 (the “Revised Act”). The Revised Act became effective as to newly formed LLCs on March 18, 2013. Starting on April 1, 2014, the Revised Act app ... Read More.