N.J. Stat. § 14A:12-13.1

Current through L. 2023, c. 280.
Section 14A:12-13.1 - Creditors barred from suing shareholders of certain dissolved corporations
(1) A creditor as defined in subsection (3) of N.J.S. 14A:12-12 or subsection (b) of N.J.S. 14A:14-1, and all those claiming through or under the creditor, shall be forever barred from suing a shareholder on any claim, or otherwise realizing upon or enforcing any claim against a shareholder, unless that claim was filed against the shareholder, pursuant to N.J.S. 14A:12-13 or N.J.S. 14A:14-15, or otherwise, within five years after the corporation was dissolved.
(2) This section shall not:
(a) apply to claims against shareholders which are in litigation on the effective date of this section;
(b) operate to extend any otherwise applicable statute of limitations; or
(c) affect any rights of creditors under the "Uniform Voidable Transactions Act,"R.S. 25:2-20 et seq.

N.J.S. § 14A:12-13.1

Amended by L. 2021, c. 92,s. 20, eff. 8/10/2021.
L. 2001, c. 231, s. 1, eff. 8/27/2001.