New Jersey § 42:1a-49
Full text of New Jersey New Jersey Statutes § 42:1a-49, with citation guidance and answers to common questions.
§ 42:1a-49.
a. A limited liability partnership, and a foreign limited liability partnership authorized
to transact business in this State, shall file an annual report in the office of the
Division of Commercial Recording in the Department of the Treasury which contains: (1) the name of the limited liability partnership and the state or other jurisdiction
under whose laws the foreign limited liability partnership is formed; (2) the street address of the partnership's chief executive office and, if different,
the street address of an office of the partnership in this State, if any; and (3) if the partnership does not have an office in this State, the name and street
address of the partnership's current agent for service of process. b. An annual report shall be filed each year following the calendar year in which
a partnership files a statement of qualification or a foreign partnership becomes
authorized to transact business in this State. c. The State Treasurer may revoke the statement of qualification of a partnership
that fails to file an annual report when due or pay the required filing fee. To do so, the State Treasurer shall provide the partnership at least 60 days' written
notice of intent to revoke the statement. The notice shall be mailed to the partnership at its chief executive office set
forth in the last filed statement of qualification or annual report. The notice shall specify the annual report that has not been filed, the fee that
has not been paid, and the effective date of the revocation. The revocation is not effective if the annual report is filed and the fee is paid
before the effective date of the revocation. d. A revocation under subsection c. of this section only affects a partnership's status
as a limited liability partnership and is not an event of dissolution of the partnership. e. A partnership whose statement of qualification has been revoked may apply to the
Division of Commercial Recording in the Department of the Treasury for reinstatement
within two years after the effective date of the revocation. The application shall state: (1) the name of the partnership and the effective date of the revocation; (2) that the ground for revocation either did not exist or has been corrected ; and (3) payment by the partnership of all fees due to the State Treasurer including a
reinstatement filing fee of $75.00, current annual report fee, and all delinquent
annual report fees . f. A reinstatement under subsection e. of this section relates back to and takes effect
as of the effective date of the revocation, and the partnership's status as a limited
liability partnership continues as if the revocation had never occurred.
Frequently Asked Questions About New Jersey § 42:1a-49
What does New Jersey Statutes § 42:1a-49 cover?
Section 42:1a-49 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 § 42:1a-49?
A common citation format is "New Jersey Statutes § 42:1a-49" (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 § 42:1a-49 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.