New Jersey Statutes 44:5-19.7. Settlement of lien
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Terms Used In New Jersey Statutes 44:5-19.7
- Lien: A claim against real or personal property in satisfaction of a debt.
- 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.
The board of chosen freeholders of the county is authorized to compromise and make settlement of any claim for which any lien is filed under the provisions of this act and such resolution shall be sufficient authorization for the discharge thereof.
L.1957, c. 139, p. 531, s. 7.