New Jersey Statutes
§ 42:5-3 — Discharge of judgment debt by filing acknowledged memorandum
New Jersey § 42:5-3
JurisdictionNew Jersey
Title 42PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS
This text of New Jersey § 42:5-3 (Discharge of judgment debt by filing acknowledged memorandum) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.J. Stat. Ann. § 42:5-3 (2026).
Text
If the individual liability of a partner is upon a judgment of any court of record in this state, the clerk of such court shall, upon the filing with him of the note or memorandum mentioned in section 42:5-2 of this title, acknowledged by the parties making it as satisfactions of judgments are required to be acknowledged, discharge such judgment of record in so far as the compromising partner is concerned, and the ratable portion of the partner so released shall be credited as a payment on account of the judgment.
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Bluebook (online)
New Jersey § 42:5-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/42/42%3A5-3.