N.J. Stat. § 31:1-6
This is the official text of N.J. Stat. § 31:1-6, part of New Jersey’s Stat — part of the compiled statutory law of New Jersey, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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Defense of usury by corporation, limited liability company, limited liability partnership; prohibited.
Official statutory text
31:1-6. 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.
Status: in_force · Read it on the official government site
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