A 2908 New Jersey General Assembly · 2024-2025 Regular Session

Limits amount of appeal bond in civil actions to $50 million.

This bill limits the total appeal bond required in civil cases to $50 million (or the judgment amount, whichever is lower), directly affecting defendants appealing monetary judgments. It caps the combined bond amount for all appellants in a single case, while allowing courts to reduce the bond further if justified. The bill includes an exception permitting full judgment-level bonds if an appellee proves the appellant is hiding assets to avoid payment. It applies immediately to all judgments entered after its effective date, regardless of when the case was filed.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024 Last action Jan 9, 2024
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Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Judiciary Committee
lower
1 primary · 0 co-sponsors

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Role
Legislator
Party
State
District
P
Photo of Gary Schaer
Gary Schaer
DDemocratic
NJ
36