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New Jersey Statutes, Title: 4, AGRICULTURE AND DOMESTIC ANIMALS
Chapter 13:
Section: 4:13-28: Liquidated damages for failure of member to perform
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.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 4:13-28 (if available):
Court decisions that cite this statute:
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