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New Jersey · Through P.L.2025, c.405, and J.R.22 · Newer source version available

N.J. Stat. § 31:1-6: Defense of usury by corporation, limited liability company, limited liability partnership; prohibited.

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Where this section sits in the code
  1. TITLE 31 INTEREST AND USURY

No corporation, limited liability company or limited liability partnership shall plead or set up the defense of usury to any action brought against it to recover damages or enforce a remedy on any obligation executed by said corporation, limited liability company or limited liability partnership.

Amended 1953, c.30, s.4; 1997, c.426, s.1.

Collected 2026-08-27T17:54:13Z. Source file · JSON

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