New Jersey § 42:2c-43
Full text of New Jersey New Jersey Statutes § 42:2c-43, with citation guidance and answers to common questions.
§ 42:2c-43.
Rights of Judgment Creditor of a Member. On application by a judgment creditor of a member , a court may charge the transferable interest of the member with payment of the unsatisfied amount
of the judgment with interest. To the extent so charged, the judgment creditor has only the rights of an assignee
of the limited liability company interest. An action by a court pursuant to this section does not deprive any member of the
benefit of any exemption laws applicable to his transferable interest. A court order charging the transferable interest of a member pursuant to this section
shall be the sole remedy of a judgment creditor, who shall have no right under 42:2C-1
et seq. or any other State law to interfere with the management or force dissolution
of a limited liability company or to seek an order of the court requiring a foreclosure
sale of the transferable interest. Nothing in this section shall be construed to affect in any way the rights of a
judgment creditor of a member under federal bankruptcy or reorganization laws .
Frequently Asked Questions About New Jersey § 42:2c-43
What does New Jersey Statutes § 42:2c-43 cover?
Section 42:2c-43 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-43?
A common citation format is "New Jersey Statutes § 42:2c-43" (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-43 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.