S1395 • 2026

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

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Lagana, Joseph A.
Last action: 2026-06-04
Official status: Reported and Referred to Assembly Judiciary Committee
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

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

What This Bill Does

Allows certain limited liability companies to terminate alternate names before end of five-year registration period.
Topic: Judiciary Fiscal note: This bill has not been certified by OLS for a fiscal note.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-06-04 New Jersey Legislature
Reported and Referred to Assembly Judiciary Committee
2026-03-23 New Jersey Legislature
Passed by the Senate (38-0)
2026-03-23 New Jersey Legislature
Received in the Assembly, Referred to Assembly Commerce and Economic Development Committee
2026-02-24 New Jersey Legislature
Senate Amendment (Voice) (Ruiz)
2026-02-12 New Jersey Legislature
Reported from Senate Committee with Amendments, 2nd Reading
2026-01-13 New Jersey Legislature
Introduced in the Senate, Referred to Senate Commerce Committee

Official Summary Text

Allows certain limited liability companies to terminate alternate names before end of five-year registration period.
Topic:
Judiciary
Fiscal note:
This bill has not been certified by OLS for a fiscal note.

Current Bill Text

Read the full stored bill text

S1395 2R ACE Statement 6/4/26

ASSEMBLY COMMERCE AND ECONOMIC DEVELOPMENT COMMITTEE

STATEMENT TO

[Second Reprint]

SENATE, No.
1395

STATE
OF NEW JERSEY

DATED:
�JUNE 4,
2026

����� The Assembly Commerce and Economic Development
Committee reports favorably Senate Bill No. 1395 (2R).

����� As
reported, the bill
makes changes to
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.� However, the bill
provides that a limited liability company operating as a residential landlord
cannot terminate an alternate name prior to the expiration date of the
five-year registration period.� The termination certificate to be filed is to
include, among other items, the name of the limited liability company, the
alternate name, and any other identifying information for the State Treasurer. �The
bill also makes certain updates to the statutory law to reflect the transition
of duties from the filing office and the Secretary of State to the State
Treasurer.

����� The
New Jersey Business Corporation Act allows a corporation to terminate an
alternate name prior to the expiration date of the five-year registration
period.� The New Jersey Revised Uniform Limited Liability Company Act does not
allow a limited liability company to terminate an alternate name prior to the
expiration date of the five-year registration period.� The difference in
treatment between corporations and limited liability companies is rectified in
this bill.

����� As reported by the committee, Senate Bill No. 1395
(2R) is identical to Assembly Bill No. 4955, as that bill was amended and
reported by the committee on this date.