Viewing: New Jersey

Mar 10

March 10, 2017

New Jersey – Legislation Enacts the International Arbitration, Mediation and Conciliation Act

New Jersey – Legislation Enacts the International Arbitration, Mediation and Conciliation Act

Senate Bill 602 (Chapter 2017-1) signed by the governor February 6 and effective May 6 enacted the International Arbitration, Mediation and Conciliation Act for the facilitation and recognition of international alternative dispute resolution in New Jersey. The bill allows certain types of non-profit entities to organize centers, whose principal purpose is to facilitate the resolution of international business, trade, commercial, and other disputes between persons by means of arbitration, mediation, conciliation, and other means as an alternative to the resort…
Jan 5

January 5, 2017

New Jersey – Nonprofit Veterans Organizations Exempt from Annual Report Filing Fee

New Jersey – Nonprofit Veterans Organizations Exempt from Annual Report Filing Fee

Assembly Bill 1934 (Chapter No. 2016-39) signed by the governor August 31 and effective February 28, 2017 exempts veterans organizations which organize as nonprofit corporations from payment of the $25.00 nonprofit corporation annual report filing fee.
Sep 6

September 6, 2016

New Jersey – Limited Liability Company Disclosure Requirements

New Jersey – Limited Liability Company Disclosure Requirements

Assembly Bill 3540 (Chapter No. 2016-43) signed by the governor and effective August 31 requires a limited liability company that is awarded a public contract paid with or out of any public funds to disclose the names and addresses of all members who own 10% or more of the LLC and provides that compliance via submission of annual SEC filings by a direct or indirect parent is permissive rather than mandatory.
Nov 19

November 19, 2015

New Jersey – Crowdfunding Legislation Enacted

New Jersey – Crowdfunding Legislation Enacted

Assembly Bill 2073 (Chapter 2015-128) signed by the governor and effective November 9 creates an exemption from securities registration for companies organized in New Jersey that offer intrastate “crowdfunding” investment opportunities.
May 15

May 15, 2015

New Jersey – Legislation Enacted To Tackle Fraudulent UCCs

New Jersey – Legislation Enacted To Tackle Fraudulent UCCs

The governor signed Assembly Bill 2481 on 5/10/2015.  This bill is intended to address the problem of fraudulent UCC filing by providing the filing office with additional reasons for rejection and permits the filing office to terminate allegedly fraudulent records under certain circumstances.  The bill includes other related provisions, including additional remedies for public officials that are victims of fraudulent UCC records.  The new law took effect immediately.
Feb 10

February 10, 2015

New Jersey – AB 1784, Effective February 5, Pertains to The Residential Mortgage Lending Act

New Jersey – AB 1784, Effective February 5, Pertains to The Residential Mortgage Lending Act

Assembly Bill 1784 (Chapter No. 2015-14) signed by the governor and effective February 5 exempts certain individuals from the licensing requirements of the New Jersey Residential Mortgage Lending Act.  
Jan 26

January 26, 2015

State Offices in Multiple States Close Due to Inclement Weather

State Offices in Multiple States Close Due to Inclement Weather

The New Jersey Department of State posted a notice on its website indicating that it will close at 1:00 PM EST on Monday, January 26, and The Offices of the Secretary of the Commonwealth of Massachusetts will close at 3:00 PM EST.  Both offices, as well as state offices in New Hampshire will be closed on January 27 due to inclement weather.  Your business doesn’t stop when a state office is closed.  CSC is open and can assist you.  Contact…
Dec 16

December 16, 2014

New Jersey – Legislation effective December 11 aligns corporation indemnification law with neighboring states

New Jersey – Legislation effective December 11 aligns corporation indemnification law with neighboring states

Assembly Bill 2603 (Chapter 2014‑77) signed by the governor and effective December 11 makes the corporate indemnification law consistent with Delaware and New York by removing a requirement that the board of directors authorize the advancement of expenses and allowing the board to delegate responsibility for the authorization to the officers of the corporation.
Aug 13

August 13, 2014

New Jersey – Deceptive solicitation posting for good standing request form

New Jersey – Deceptive solicitation posting for good standing request form

The Division of Revenue and Enterprise Services posted an alert to business entities regarding a deceptive solicitation for “2014 Certificate of Good Standing Request Form”.
May 28

May 28, 2014

New Jersey – Offline for maintenance May 30

New Jersey – Offline for maintenance May 30

The Department of the Treasury Commercial Recording systems will go off line for maintenance Friday, May 30, at noon (12 pm) until 8:00 am Monday, June 2. The state filing office’s notice can be accessed here.