New Jersey § 42:2c-52
Full text of New Jersey New Jersey Statutes § 42:2c-52, with citation guidance and answers to common questions.
§ 42:2c-52.
Claims Against Member or Transferee Barred Unless Filed Within Five Years After Limited
Liability Company Dissolved. a. A claimant, and all those claiming through or under the claimant, shall be forever
barred from suing a member or transferee on any claim, or otherwise realizing upon
or enforcing any claim against a member or transferee, unless an action is commenced
against the member or transferee, pursuant to paragraph (2) of subsection d. of section
51 of this act, 1 or otherwise, within five years after the limited liability company was dissolved. b. This section shall not: (1) apply to claims against members or transferees which are in litigation on the
effective date of this section; (2) operate to extend any otherwise applicable statute of limitations; or (3) affect any rights of creditors under the “Uniform Voidable Transactions Act,” R.S.25:2-20 et seq. 1
L.2012, c. 50 (N.J.S.A. § 42:2C-51).
Frequently Asked Questions About New Jersey § 42:2c-52
What does New Jersey Statutes § 42:2c-52 cover?
Section 42:2c-52 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-52?
A common citation format is "New Jersey Statutes § 42:2c-52" (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-52 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.