S.1395

Allows certain limited liability companies to terminate alternate names before end of five-year registration period.

The bill amends the New Jersey Revised Uniform Limited Liability Company Act to allow a limited liability company to terminate an alternate name prior to the expiration date of the five-year registration period. This change aligns the treatment of alternate names for limited liability companies with that of corporations. However, a limited liability company operating as a residential landlord cannot terminate an alternate name before the five-year period.