New Jersey statute
N.J.S.A. 2C:66-10 — No liability for freezing funds
Current through P.L.2025, c.346, and J.R.22
Part of Chapter 66, New Jersey Statutes.
Full text of N.J.S.A. 2C:66-10
Statutory text current through the P.L.2025, c.346, and J.R.22. This publication reproduces the official text of the New Jersey Statutes from the statute files published by the New Jersey Legislature; it is not the official statutes of the State of New Jersey.
10. No liability for freezing funds. Notwithstanding any other law to the contrary, a financial institution shall not be liable to any person for blocking, freezing, encumbering or refusing to release any funds or assets held by the financial institution in response to an order issued by a court, or for any other action taken by the financial institution in good faith to comply with the requirements of this act. A financial institution shall not be required to give notice to an account holder or customer that the financial institution has taken any action pursuant to this act and shall not be liable for failure to provide the notice.
L.2003,c.22,s.10.
Official sources
Legal terms used in this section
This reference is informational and is not legal advice.