54:29A-77 - Release of property from lien - New Jersey Statutes

54:29A-77.  Release of property from lien
    The State Comptroller upon written application made to him and upon the payment of a fee of $5.00, may release any property from the lien of any tax, interest or penalty imposed by this act or of any certificate, judgment or levy  procured by him;  provided, payment be made to the State Comptroller of such  sum as he shall deem adequate consideration for such release or deposit be made  of such security or such bond be filed as the State Comptroller shall deem  proper to secure payment of any debt evidenced by any such tax, interest,  penalty, certificate, judgment or levy, the lien of which is sought to be  released, or provided the State Comptroller is satisfied that payment of the  tax is otherwise provided for.  The application for such release shall be in  such form as shall be prescribed by the State Comptroller and shall contain an  accurate description of the property to be released together with such other  information as the State Comptroller may require.  Such release shall be given  under the seal of the State Comptroller, and may be recorded in any office in  which conveyances of real estate may be recorded.

     L.1963, c. 25, s. 1, eff. May 8, 1963.