Defense of usury by corporation, limited liability company, limited liability partnership; prohibited.

N.J. Stat. § 31:1-6
in effect
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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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.njleg.state.nj.us/legislative-activity/statutesFetched: 10/17/2026

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