Code · New Jersey · Title 56 — Guaranty, Suretyship and Indemnity · Chapter 12

56:12-4. Class actions; limitation on punitive damages

56 words·~1 min read·/nj/title-56/chapter-12/56-12-4

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Class actions may be brought under the provisions of this act, but the amount of punitive damages shall be limited to $10,000.00 against any one seller, lessor, insurer or creditor and the amount of attorney's fees may not exceed $10,000.00.

L.1980, c. 125, s. 4, eff. Oct. 16, 1980. Amended by L.1981, c. 464, s. 4.