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Bill > S523


NJ S523

NJ S523
Expands liability of certain individuals associated with limited liability companies and other commercial entities, when acting as residential landlord.


summary

Introduced
01/11/2022
In Committee
03/07/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

Expands liability of certain individuals associated with limited liability companies and other commercial entities, when acting as residential landlord.

AI Summary

This bill expands the liability of certain individuals associated with limited liability companies (LLCs) and other commercial entities when acting as residential landlords. Specifically, the bill allows courts to hold the members of a member-managed LLC, the managers of a manager-managed LLC, and the directors and officers of a corporation jointly and severally liable for unpaid housing code, building code, health code, or Hotel and Multiple Dwelling Law charges, under certain conditions. The bill also allows municipalities to convert unpaid charges into municipal liens on the property, enforceable in the same manner as property tax liens.

Committee Categories

Housing and Urban Affairs

Sponsors (5)

Last Action

Senate Amendment (Voice) (Beach) (on 10/17/2022)

bill text


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