New Jersey § 38:23c-3

§ 38:23c-3.

a. Whenever, pursuant to any of the provisions of this act, the enforcement of any

obligation or liability, the prosecution of any suit or proceeding, the entry or enforcement

of any order, writ, judgment or decree, or the performance of any act, may be stayed,

postponed or suspended, such stay, postponement or suspension may, in the discretion

of the court, likewise be granted to sureties, guarantors, endorsers and others subject

to the obligation or liability, the performance or enforcement of which is stayed,

postponed or suspended. b. When a judgment or decree is vacated or set aside, in whole or in part, as provided

in this act, the same may, in the discretion of the court, likewise be set aside and

vacated as to any surety, guarantor, endorsers, accommodation maker or other person

whether primarily or secondarily liable upon the contract or liability for the enforcement

of which the judgment or decree was entered. c. Nothing contained in this act shall prevent a waiver in writing of the benefits

afforded by paragraphs a. and b. of this section by any surety, guarantor, endorser,

accommodation maker, or other persons whether primarily or secondarily liable upon

the obligation or liability except that after the date of enactment of this act no

such waiver shall be valid unless it is executed as an instrument separate from the

obligation or liability in respect of which it applies, and no such waiver shall be

valid after the beginning of the period of military service if executed by an individual

who, subsequent to the execution of such waiver becomes a person in military service.