New Jersey Statutes 54:5-135. Execution of lien certificates
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Terms Used In New Jersey Statutes 54:5-135
- collector: when used in relation to the collection of taxes or water rents or other public assessments, includes all officers charged with the duty of collecting such taxes, water rents or assessments, unless a particular officer is specified. See New Jersey Statutes 1:1-2
- Lien: A claim against real or personal property in satisfaction of a debt.
6. A joint municipal lien pool may act on behalf of any member municipal tax collector to execute lien certificates as part of a sale. All interests and penalties otherwise due shall be paid to the municipality in cash or notes up to and until the time the liens are sold or used as collateral for a bond or note.
L.1997,c.274,s.6.