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.
New Jersey Legal Code