New Jersey Statutes
§ 31:1-6 — Defense of usury by corporation, limited liability company, limited liability partnership; prohibited.
New Jersey § 31:1-6
JurisdictionNew Jersey
Title 31INTEREST AND USURY
This text of New Jersey § 31:1-6 (Defense of usury by corporation, limited liability company, limited liability partnership; prohibited.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.J. Stat. Ann. § 31:1-6 (2026).
Text
31:1-6. 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. Amended 1953, c.30, s.4; 1997, c.426, s.1.
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Nearby Sections
10
§ 31:1-8
Liberal construction§ 31:1-9
Nature and affect of actCite This Page — Counsel Stack
Bluebook (online)
New Jersey § 31:1-6, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/31/31%3A1-6.