Senate Commerce Committee Statement to Senate, No. 1395 — State of New Jersey (February 12, 2026)

Summary

A Senate Commerce Committee statement to the Senate on Senate Bill No. 1395 with committee amendments, State of New Jersey, dated February 12, 2026, reporting the bill favorably. The statement says the New Jersey Business Corporation Act lets a corporation terminate an alternate name before the five-year registration period expires, while the New Jersey Revised Uniform Limited Liability Company Act does not allow this for a limited liability company. As amended, the bill extends that option to limited liability companies, except those operating as a residential landlord. 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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