The New Jersey Revised Uniform Limited Liability Company Act (“RULLCA”) recently took full effect. Regardless of the date of the formation of the LLC (“Limited Liability Company”), the new law now governs all limited liability companies formed under and operating under the laws of the State of New Jersey. The law rescinds the prior limited liability company act. RULLCA contains significant changes to the old act. All limited liability companies formed or operating in New Jersey are encouraged to have their governing documents reviewed by legal counsel to avoid unintended consequences resulting from changes in the new law.
Nicholas is a member of the firm’s Business & Banking Practice Group and Real Estate Practice Group. Nick concentrates his practice in banking law, business formation, all aspects of business representation, and real estate. He will assist the firm’s Business & Banking Group in representing closely held businesses and local and national banks in business lending transactions as well as representing buyers and sellers of residential and commercial real estate.
On June 23, 2022, Mason, Griffin & Pierson, PC, Director, Edwin W. Schmierer, Esq., moderated a panel discussion presented by Affordable Housing Professionals of New Jersey (AHPNJ) concerning the status of affordable housing delivery for the Third Round and preparation for the Fourth Round which commences July 1, 2025. Mr. Schmierer is the President of AHPNJ. The panelists included a representative from the Fair Share Housing Center, former Executive Director of the New Jersey Housing and Mortgage Finance Agency, the Chief of Multifamily Program for NJHMFA and a professional planner who has served as a Special Court Master in 40 plus municipalities for the implementation of Third Round Affordable Housing Plans. Mr. Schmierer chairs the firm's Government Practice Group which represents over 30 municipal governing bodies, land use board and affordable housing committees throughout the State of New Jersey.