New Jersey § 42:2c-53
Full text of New Jersey New Jersey Statutes § 42:2c-53, with citation guidance and answers to common questions.
§ 42:2c-53.
Administrative Action. a. The filing office may place a limited liability company on the inactive list if
the company does not: (1) pay, within 60 days after the due date, any fee or penalty due to the filing office
under this act or law other than this act; or (2) file annual reports for two consecutive years pursuant to section 26 of this act. 1 b. If the filing office determines that a ground exists for placing a company on the
inactive list, the filing office shall provide notice of the filing office's intent
to the registered office of the company or the principal office of the company if
the mailing address of the principal office appears in the records of the filing office
and is different from the mailing address of the registered office. c. If within 60 days after service of the notice pursuant to subsection b. of this
section a limited liability company does not correct each ground for being placed
on the inactive list or demonstrate to the reasonable satisfaction of the filing office
that each ground determined by the filing office does not exist, the filing office
shall place the company on the inactive list and file a declaration of the action. The filing office shall send a notice of the action to the registered office of
the company or the principal office of the company if the mailing address of the principal
office appears in the records of the filing office and is different from the mailing
address of the registered office. d. A limited liability company that has been placed on the inactive list continues
in existence but, subject to section 54 of this act, 2 may carry on only activities necessary to wind up its activities and liquidate its
assets under sections 49 and 56 of this act 3 and to notify claimants under sections 50 and 51 of this act. 4 e. An inactivation of a limited liability company does not terminate the authority
of its agent for service of process. 1
L.2012, c. 50 (N.J.S.A. § 42:2C-26). 2
L.2012, c. 50 (N.J.S.A. § 42:2C-54). 3
L.2012, c. 50 (N.J.S.A. §§ 42:2C-49 and 42:2C-56). 4
L.2012, c. 50 (N.J.S.A. §§ 42:2C-50 and 42:2C-51).
Frequently Asked Questions About New Jersey § 42:2c-53
What does New Jersey Statutes § 42:2c-53 cover?
Section 42:2c-53 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 42:2c-53?
A common citation format is "New Jersey Statutes § 42:2c-53" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 42:2c-53 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.