Existing contracts, securities, instruments unaffected by introduction of Euro
N.J. Stat. § 2A:49A-38
in effect5. None of the following shall have the effect of discharging or excusing performance under any contract, security or instrument, or give a party the right to unilaterally alter or terminate any contract, security or instrument: a. The introduction of the Euro; b. The tendering of Euros in connection with any obligation in compliance with subsection a. or b. of section 4 of this act; c. The determining of the value of any obligation in compliance with subsection a. or b. of section 4 of this act; or d. The calculating or determining of the subject or medium of payment of a contract, security or instrument with reference to interest rate or other basis that has been substituted or replaced due to the introduction of the Euro and is a commercially reasonable substitute and substantial equivalent. L.2000,c.23,s.5.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.njleg.state.nj.us/legislative-activity/statutesFetched: 10/17/2026