ASSEMBLY, No. 2296
STATE OF NEW JERSEY
214th LEGISLATURE
INTRODUCED FEBRUARY 18, 2010
Sponsored by:
Assemblywoman LINDA STENDER
District 22 (Middlesex, Somerset and Union)
SYNOPSIS
Modifies requirement for advice of counsel in certain “palimony” agreements.
CURRENT VERSION OF TEXT
As reported by the Assembly Judiciary Committee on February 18, 2010, with amendments.
An Act concerning palimony and amending R.S.25:1-5.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. R.S.25:1-5 is amended to read as follows:
25:1-5. Promises or agreements not binding unless in writing. No action shall be brought upon any of the following agreements or promises, unless the agreement or promise, upon which such action shall be brought or some memorandum or note thereof, shall be in writing, and signed by the party to be charged therewith, or by some other person thereunto by him lawfully authorized:
a. (Deleted by amendment, P.L.1995, c.360.)
b. (Deleted by amendment, P.L.1995, c.360.)
c. An agreement made upon consideration of marriage entered into prior to the effective date of the "Uniform Premarital Agreement Act," P.L.1988, c.99 (C.37:2-31 et seq.);
d. (Deleted by amendment, P.L.1995, c.360.)
e. (Deleted by amendment, P.L.1995, c.360.)
f. A contract, promise, undertaking or commitment to loan money or to grant, extend or renew credit, in an amount greater than $100,000, not primarily for personal, family or household purposes, made by a person engaged in the business of lending or arranging for the lending of money or extending credit. For the purposes of this subsection, a contract, promise, undertaking or commitment to loan money shall include agreements to lease personal property if the lease is primarily a method of financing the obtaining of the property;
g. An agreement by a creditor to forbear from exercising remedies pursuant to a contract, promise, undertaking or commitment which is subject to the provisions of subsection f. of this section; or
h. A promise by one party to a non-marital personal relationship to provide support or other consideration for the other party, either during the course of such relationship or after its termination.
For the purposes of this subsection, no such written promise is binding unless:
(a) it was made with the independent advice of counsel for both parties; or
(b) 1[a written statement by both parties that they are knowingly, willingly and voluntarily waiving the advice of counsel] the written promise1 is notarized, signed, and sworn.
(cf: P.L.2009, c.311, s.1)
2. This act shall take effect immediately 1and be retroactive to January 18, 20101.