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Code · New Jersey · Title 4 — Public Fiscal Administration · Chapter 13

4:13-29. Validity of contracts with members; breach of contract; injunction

117 words·~1 min read·/nj/title-4/chapter-13/4-13-29

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Any contract between an association and any of its members, which is authorized by this chapter, shall be valid and enforceable in any action brought by the association against a member. In the event of any breach or threatened breach of such contract by a member, the association shall be entitled to an injunction to prevent further breach of the contract, and to a decree of specific performance thereof. Pending the adjudication of such an action, and upon filing a verified complaint showing the breach or threatened breach, and upon filing a sufficient bond, the association shall be entitled to a temporary restraining order and preliminary injunction against the member.
Amended by L.1966, c. 286, s. 26.
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