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New Jersey · Through P.L.2025, c.405, and J.R.22 · Newer source version available

N.J. Stat. § 2A:49A-38: Existing contracts, securities, instruments unaffected by introduction of Euro

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  1. TITLE 2A ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE

5. None of the following shall have the effect of discharging or excusing performance under any contract, security or instrument, or give a party the right to unilaterally alter or terminate any contract, security or instrument:

a. The introduction of the Euro;

b. The tendering of Euros in connection with any obligation in compliance with subsection a. or b. of section 4 of this act;

c. The determining of the value of any obligation in compliance with subsection a. or b. of section 4 of this act; or

d. The calculating or determining of the subject or medium of payment of a contract, security or instrument with reference to interest rate or other basis that has been substituted or replaced due to the introduction of the Euro and is a commercially reasonable substitute and substantial equivalent.

L.2000,c.23,s.5.

Collected 2026-08-27T17:54:13Z. Source file · JSON

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