Section 77-B:15 Release of Lien.
The commissioner of revenue administration shall issue and record a certificate of release of the lien if:
I. The commissioner of revenue administration finds that the liability for the amount assessed and demanded, together with interest and costs, has been satisfied or has become unenforceable; or
II. There is furnished to the commissioner of revenue administration a bond with surety approved by the commissioner of revenue administration in a penal sum sufficient to equal the sum assessed and demanded, together with interest and costs, said bond to be conditioned upon the payment of any judgment rendered in proceedings regularly instituted by the commissioner of revenue administration to enforce collection thereof at law.
Source. 1970, 20:1. 1973, 544:9, eff. Sept. 1, 1973.