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Code · New Jersey · Title 2A — Administration of Civil and Criminal Justice · Chapter 55

2A:55-6. Compromise of joint indebtedness

55 words·~1 min read·/nj/title-2a/chapter-55/2a-55-6

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Joint debtors may individually compromise with their creditors for their joint indebtedness in the same manner and with like effect as partners on the dissolution of the partnership may compromise with their creditors as provided by sections 42:5-1 to 42:5-5 of the title Partnerships and Partnership Associations, of the Revised Statutes.
L.1951 (1st SS), c.344.
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