2009 New Jersey Code
TITLE 54 - TAXATION
Section 54:10A
54:10A-30 - Release of property from lien for corporation franchise taxes

54:10A-30.  Release of property from lien for corporation franchise taxes
    The Commissioner upon written application made to him and upon the payment of a fee of five dollars ($5.00), may release any property from the lien of any  tax, interest or penalty imposed upon any corporation in accordance with the  provisions of this act or of chapters thirteen or thirty-two-A of Title 54 of  the Revised Statutes, or of any certificate, judgment or levy procured by him;   provided, payment be made to the commissioner 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 commissioner 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 commissioner  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 commissioner and shall contain an accurate description of the property to be released together with such other information as the commissioner may require.  Such release shall be given under the seal of the commissioner, and  may be recorded in any office in which conveyances of real estate may be  recorded.

     L.1947, c. 51, p. 181, s. 4.