N.J. Admin. Code § 18:7-13.12
Current through Register Vol. 56, No. 11, June 3, 2024
Section 18:7-13.12 - Release of property from lien(a) The Director may release any property from the lien of any tax, interest, or penalty imposed upon any corporation in accordance with the provisions of the Act, or of any certificate, judgment, or levy procured by him or her, upon written application made to him or her and upon payment of a $ 5.00 fee, provided: 1. Payment be made to the Director of such sum as he or she shall deem adequate consideration for release; or2. Deposit be made of whatever security or bond the Director shall deem proper to secure payment of any debt evidenced by any tax, interest, penalty, cost of collection, certificate, judgment, or levy, the lien of which is sought to be released; or3. The Director is satisfied that payment of the tax is otherwise provided for.(b) The application for release shall be in such form as shall be prescribed by the Director and shall contain an accurate description of the property to be released together with whatever other information the Director may require. The release shall be given under the seal of the Director and may be recorded in any office in which conveyances of real estate may be recorded.N.J. Admin. Code § 18:7-13.12
Amended by 49 N.J.R. 1694(a), effective 6/19/2017