N.J.S.A. 2A:55-6

Compromise of joint indebtedness

2A:55-6. Compromise of joint indebtedness Joint debtors may individually compromise with their creditors for their joint indebtedness in the same manner and with like effect as partners on the dissolution of the partnership may compromise with their creditors as provided by sections 42:5-1 to 42:5-5 of the title Partnerships and Partnership Associations, of the Revised Statutes. L.1951 (1st SS), c.344.

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This is the verbatim text of N.J.S.A. 2A:55-6, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.