27:7-19.2 - Execution of agreement for settlement and compromise; compliance within eighteen months - New Jersey Statutes

27:7-19.2.  Execution of agreement for settlement and compromise; compliance within eighteen months
    When the State House Commission shall direct the State Highway Commissioner  to settle, compromise and adjust any such claim or claims, the settlement shall  be evidenced by an agreement executed by the State Highway Commissioner and  such county, municipality or corporation, and such agreement shall be binding  upon all of the parties thereto upon its execution, delivery and the making of  the payment or payments required; provided, however, that such settlement and  agreement shall be void unless the terms thereof are complied with within  eighteen months after the delivery of such agreement.

     L.1938, c. 258, p. 573, s. 2.  Amended by L.1939, c. 10, p. 22, s. 1.