Senate Commerce Committee Statement to Senate, No. 1395 (February 12, 2026)

Summary

This is the Senate Commerce Committee Statement to Senate, No. 1395, with committee amendments, State of New Jersey, dated February 12, 2026. The committee reports favorably and with committee amendments Senate Bill No. 1395. As amended, the bill amends the New Jersey Revised Uniform Limited Liability Company Act to allow a limited liability company to terminate an alternate name prior to the expiration date of the five-year registration period, but a limited liability company operating as a residential landlord cannot do so. The statement says the committee amendments change certain references from the filing office and the Secretary of State to the State Treasurer.

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     SENATE COMMERCE COMMITTEE

                     STATEMENT TO

                   SENATE, No. 1395
                    with committee amendments



 STATE OF NEW JERSEY
                   DATED: FEBRUARY 12, 2026

    The Senate Commerce Committee reports favorably and with
committee amendments Senate Bill No. 1395.
    The New Jersey Business Corporation Act allows a corporation
to terminate an alternate name prior to the expiration date of the
five-year registration period. The New Jersey Revised Uniform
Limited Liability Company Act does not allow a limited liability
company to terminate an alternate name prior to the expiration date
of the five-year registration period. The difference in treatment
between corporations and limited liability companies is rectified in
this bill.
    As amended, the bill amends the New Jersey Revised Uniform
Limited Liability Company Act to allow a limited liability company
to terminate an alternate name prior to the expiration date of the
five-year registration period. However, the bill provides that a
limited liability company operating as a residential landlord cannot
terminate an alternate name prior to the expiration date of the five-
year registration period. The termination certificate to be filed is to
include, among other items, the name of the limited liability
company, the alternate name, and any other identifying information
for the filing office.
    As amended, the bill makes certain updates to the statutory law
to reflect the transition of duties from the filing office and the
Secretary of State to the State Treasurer.
    This bill was pre-filed for introduction in the 2026-2027 session
pending technical review. As reported, the bill includes the changes
required by technical review, which has been performed.

COMMITTEE AMENDMENTS:
    The committee amended the bill to change certain references from
the filing office and the Secretary of State to the State Treasurer due to
a transition of certain duties.


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