Allows certain limited liability companies to terminate alternate names before end of five-year registration period.

A new section amending N.J.S.14A:2-2.1 is added, extending alternate name registration, renewal, termination, and penalty provisions to corporations under Title 14A of the New Jersey Statutes. This mirrors the LLC provisions but does not include the residential landlord restriction on early termination.

The act's stated purpose changed from amending only 'Title 42 of the Revised Statutes' to amending 'P.L.2012, c.50 and Title 14A of the New Jersey Statutes,' explicitly broadening applicability to both LLCs and corporations.

All references to 'filing office' were replaced with 'State Treasurer,' changing which state official receives alternate name registration, renewal, and termination filings for both LLCs and corporations.

The residential landlord restriction on early termination of alternate names was reworded in the LLC provisions but remains substantively the same: LLCs operating as residential landlords cannot terminate an alternate name before the five-year registration period expires. This restriction does not appear in the new corporation provisions.

New corporate penalty provisions were added, including a $200 to $500 penalty for false statements about when a fictitious name was first used, and a $200 to $500 penalty for failing to file within 60 days of notification by the State Treasurer or another party.