New Jersey Statutes 52:27-39.5. Effective date; limitation of time for adoption of resolution
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Terms Used In New Jersey Statutes 52:27-39.5
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
This act shall take effect immediately, but no compromise settlement shall be entered into under this act unless a resolution authorizing the same shall have been adopted pursuant to section two of this act within two years from the effective date of this act.
L.1946, c. 35, p. 77, s. 5.