New Bill Clarifies Statute of Limitations For Community Association Transition Litigation Matters (NJ)

/ Owner - January 19, 2022

On Tuesday, January 18, 2022, Governor Murphy signed into law Senate Bill 396, which automatically tolls (i.e. pauses) the 6-year Statute of Limitations for construction defect claims by condominium and/or homeowner associations and cooperative corporations until the first election when unit owners take majority control of the association board (“Transition”).   Read the entire article……………………………….

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