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LLC Act

New Jersey Revised Uniform Limited Liability Company Act

On March 18, 2013, the Revised Uniform Limited Liability Company Act (“RULLCA”) will take effect in the State of New Jersey. RULLCA contains significant changes to the existing limited liability company act, including changes to duties of managers and members, deviation from voting in proportion to ownership interest, new procedures for dissolution, and new provisions affecting the withdrawal of members.

The new law will immediately affect any limited liability company formed after March 18, 2013; however, all limited liability companies, even those formed prior to March 18, 2013, will become subject to RULLCA effective March 1, 2014. Limited liability companies formed prior to March 18, 2013 have the right to “opt-in” to RULLCA prior to March 1, 2014 and there may be meaningful reasons to consider such an undertaking.

Now is a good time to have an attorney review any New Jersey limited liability company in which you may have an ownership or managerial interest. While periodic “check-ups” are recommended as a matter of course, with these sweeping changes in the law, it is important to have any limited liability company and its operating agreement reviewed at this time to help ensure that your intended expectations are covered under the new law.

  • Big Brothers Big Sisters Autumn Culinaire

    The firm is pleased to be a sponsor at the Big Brothers Big Sisters Mercer October 17 fundraiser event at Cobblestone Creek Country Club in Lawrence, New Jersey. The event features dishes from several of the area's finest restaurants, tastings of wine and beer and live music. The evening will honor individuals who volunteer time and commitment making BBBS Mercer a success. For more information go to www.bbbsmercer.org

  • Communities of Light Launch October 22

    Womanspace's Annual Communities of Light Event on December 2nd is a public awareness project and fundraising campaign to benefit victims and survivors of domestic violence and sexual assault. The launch event is free and open to the public. It includes a press conference and reception and will take place at 5:30 PM on October 22 at Terhune Orchards, 330 Cold Soil Road in Lawrenceville. Edwin Schmierer, Director with Mason, Griffin & Pierson is a member of the Board of Directors of Womanspace and the firm is a sponsor of the event. The event will honor the Police Chiefs and coordinators of Mercer County. More information at www.womanspace.org.

  • Philly Pops Concert October 5

    Mason, Griffin & Pierson is pleased to be a sponsor at the Philly Pops concert to benefit The Foundation of Morris Hall/St. Lawrence, Inc. The Foundation provides funding for skilled nursing, out patient health care, and rehabilitation for residents at Morris Hall and St. Lawrence Rehabilitation Center. The concert will be at the Patriots Theater, Trenton War Memorial. For information and tickets go to www.morrishall.org/events.php

  • Girls on the Run

    The firm is a sponsor for the November 24 Girls on the Run Central New Jersey 5K in downtown Somerville, New Jersey. Girls on the Run is a program for girls in grades 3 through 8 which teaches girls to be joyful, healthy and confident using a fun, experience-based curriculum which creatively integrates running. Associate Attorney Nicole Sciotto is member of the Advisory Board of Girls on the Run, Central New Jersey Chapter. For more information, including donations and race registration, please visit www.gotrcnj.org.

  • West Windsor Mayor's Ball

    The firm is a sponsor for the November 2 West Windsor Mayor's Ball. The event takes place at the Boathouse on Mercer Lake in West Windsor and benefits the Princeton Junction Volunteer Fire Company. For more information go to www.westwindsornj.org/WW-givesback/index.html.

  • Cecil on New Jersey Municipal League Conference Panels

    Trishka Waterbury Cecil, past President of the New Jersey Institute of Local Government Attorneys (NJILGA), is a presenter at the New Jersey State League of Municipalities Conference in Atlantic City. Mandatory Certification Class For New Board Members, sponsored by New Jersey Planning Officials is on November 19. Muincipal Law Update 2019, sponsored by New Jersey Institute of Local Government Attorneys, and OPMA/Civility/Administration of Public Meetings, sponsored by New Jersey State League of Municipalities are on November 21. For more information, go to www.njpo.org, www.njilga.org or www.njlm.org.