39:6-38 - Partial payments which are deemed satisfaction of judgment - New Jersey Statutes

39:6-38.  Partial payments which are deemed satisfaction of judgment
    For the purposes of sections 9 to 14 of this act when:

    (a) $10,000.00 has been credited upon any judgment or judgments rendered in  excess of that amount for bodily injury to or the death of 1 person as the result of 1 accident;

    (b) Subject to the limit of $10,000.00 for 1 person so injured or killed, the sum of $20,000.00 has been credited upon any judgment or judgments rendered  in excess of that amount for bodily injury to or the death of more than 1  person as the result of 1 accident;  or

    (c) $5,000.00 has been credited upon any judgment or judgments rendered in excess of that amount for damage to property as the result of 1 accident--

    Such payment or payments shall be deemed a satisfaction of the judgment or judgments.

     L.1952, c. 173, p. 559, s. 16.  Amended by L.1958, c. 95, p. 545, s. 4.