N.J.S.A. 42:1A-5

Principles of law and equity applicable; rate of interest determined

42:1A-5. Principles of law and equity applicable; rate of interest determined 5. a. Unless displaced by particular provisions of this act, the principles of law and equity supplement this act. b. If an obligation to pay interest arises under this act and the rate is not specified, the rate of interest shall be at the rates provided by the Rules Governing the Courts of the State of New Jersey for the applicable period of time. L.2000,c.161,s.5.

External source: View on Justia →

This is the verbatim text of N.J.S.A. 42:1A-5, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.