New Jersey Code § 2A:17-61

Liquidation of rights and credits by levying officer
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2A:17-61. Liquidation of rights and credits by levying officer
In lieu of a sale, the officer levying the execution may, in his own name as such officer, liquidate such rights and credits by collection, or, with the assent of the judgment creditor and subject to the provisions of this article, in any other manner.
L.1951 (1st SS), c.344.

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