| PREVIOUS SECTION | Go back to sections | Go back to the chapter | Go back to the N.J. Statutes homepage | NEXT SECTION |
New Jersey Statutes, Title: 2A, ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE
Chapter 55: Liability of any of joint debtors served; judgment and execution; special judgment as against those served by publication
Section: 2A:55-3: Real sum due considered as the debt; judgment for penalty; discharge
When an action is brought or a claim is made in an action on a bond, note or other contract containing a penalty to secure the payment of money only, the true sum due and not the penalty, shall be deemed to be the debt due. In all such actions or claims wherein the plaintiff or claimant shall succeed, judgment shall be entered only for such amount as the case may require, with interest until paid.
L.1951 (1st SS), c.344.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 2a:55-3 (if available):
Court decisions that cite this statute:
CLICK HERE.