New Jersey § 42:2c-87
Full text of New Jersey New Jersey Statutes § 42:2c-87, with citation guidance and answers to common questions.
§ 42:2c-87.
Article Not Exclusive. a. This Article 10 (sections 73 through 87 of this act 1 ) does not preclude an entity from being merged, converted, or domesticated under
law other than this act. b. Without limiting the foregoing, it is intended that a limited liability company,
whenever formed, that acquires the assets, liabilities and business of a predecessor
organization with common ownership, shall be presumed to have the rights, privileges
and perquisites of the predecessor organization. Furthermore, in computing time periods and continuity of ownership for determining
eligibility for government grants, property rights, or other entitlements, there shall
be a tacking of time periods with respect to the limited liability company and the
predecessor organization. c. Nothing in this section 87 is intended to require the assignment of a contract
in violation of its express terms. 1
L.2012, c. 50 (N.J.S.A. §§ 42:2C-73 through 42:2C-87).
Frequently Asked Questions About New Jersey § 42:2c-87
What does New Jersey Statutes § 42:2c-87 cover?
Section 42:2c-87 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-87?
A common citation format is "New Jersey Statutes § 42:2c-87" (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-87 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.