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Code · New Jersey · Title 56 — Guaranty, Suretyship and Indemnity · Chapter 9

56:9-15. Suspension of limitations period

150 words·~1 min read·/nj/title-56/chapter-9/56-9-15

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Whenever any civil or criminal proceeding shall be commenced by the State to prevent, restrain or punish a violation of this act, but not including an action brought by the State under section 12 of this act, the running of the statute of limitations in respect of every private right of action arising under this act and based in whole or in part on any matter complained of in said proceeding shall be suspended during the pendency thereof and for 1 year thereafter; provided that whenever the running of the statute of limitations in respect of a cause of action arising under section 12 shall be suspended hereunder, any action to enforce such cause of action shall be forever barred unless commenced either within the period of suspension or within 4 years after the cause of action accrued, whichever is later.
L.1970, c. 73, s. 15, eff. May 21, 1970.
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