State Codes and Statutes

Statutes > New-jersey > Title-54 > Section-54-53 > 54-53-12

54:53-12.  Acceptance of offer in compromise;  notice;  conditions
    An offer in compromise shall be considered accepted only when the proponent  thereof is so notified in writing.  As a condition to accepting an offer in  compromise, the taxpayer may be required to enter into any collateral agreement  or to post any security which is deemed necessary for the protection of the  State.

     L.1975, c. 387, s. 12, eff. March 3, 1976.