New Jersey Statutes
§ 4:13-28 — Liquidated damages for failure of member to perform
New Jersey § 4:13-28
JurisdictionNew Jersey
Title 4AGRICULTURE AND DOMESTIC ANIMALS
This text of New Jersey § 4:13-28 (Liquidated damages for failure of member to perform) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.J. Stat. Ann. § 4:13-28 (2026).
Text
The by-laws or contract may fix specific sums, in amounts fairly related to the actual damages ordinarily suffered in like circumstances, to be paid to the association as liquidated damages by a member who shall fail to perform any obligation to the association imposed upon him by the certificate of incorporation, the by-laws or a contract between him and the association. Such provision shall be valid and enforceable in an action brought by the association against a member. Amended by L.1966, c. 286, s. 25.
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Nearby Sections
15
§ 4:13-1
Definitions§ 4:13-11
Dissolution of associations§ 4:13-12
General corporation laws to govern§ 4:13-16
General powers of association§ 4:13-17
First meeting§ 4:13-19
Board of directors§ 4:13-2
Incorporation§ 4:13-20
OfficersCite This Page — Counsel Stack
Bluebook (online)
New Jersey § 4:13-28, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/4/4%3A13-28.