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

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