New Jersey § 2a:49a-12
Full text of New Jersey New Jersey Statutes § 2a:49a-12, with citation guidance and answers to common questions.
§ 2a:49a-12.
a. Computations under this section are for the limited purposes of the section and
do not affect computation of the United States dollar equivalent of the money of the
judgment for the purpose of payment. b. For the limited purpose of facilitating the enforcement of provisional remedies
in an action, the value in United States dollars of assets to be seized or restrained
pursuant to a writ of attachment, garnishment, execution, or other legal process,
the amount of United States dollars at issue for assessing costs, or the amount of
United States dollars involved for a surety bond or other court-required undertaking,
shall be ascertained as provided in subsections c. and d. of this section. c. A party seeking process, costs, bond, or other undertaking under subsection b.
of this section shall compute in United States dollars the amount of the foreign money
claimed from a bank-offered spot rate prevailing at or near the close of business
on the banking day next preceding the filing of a request or application for the issuance
of process or for the determination of costs, or an application for a bond or other
court-required undertaking. d. A party seeking the process, costs, bond, or other undertaking under subsection
b. of this section shall file with each request or application an affidavit or certificate
executed in good faith by its counsel or a bank officer, stating the market quotation
used and how it was obtained, and setting forth the calculation. Affected court officials incur no liability, after a filing of the affidavit or
certificate, for acting as if the judgment were in the amount of United States dollars
stated in the affidavit or certificate.
Frequently Asked Questions About New Jersey § 2a:49a-12
What does New Jersey Statutes § 2a:49a-12 cover?
Section 2a:49a-12 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 2a:49a-12?
A common citation format is "New Jersey Statutes § 2a:49a-12" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 2a:49a-12 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.