§ 54-53-12

54:53-12. Acceptance of offer in compromise; notice; conditions An offer in compromise shall be considered accepted only when the proponent thereof is so notified in writing. As a condition to accepting an offer in compromise, the taxpayer may be required to enter into any collateral agreement or to post any security which is deemed necessary for the protection of the State. L.1975, c. 387, s. 12, eff. March 3, 1976.