N.J. Stat. § 31:1-6

Current through L. 2024, c. 87.

Section 31:1-6 - Defense of usury by corporation, limited liability company, limited liability partnership; prohibited

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.

N.J.S. § 31:1-6

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