40:48-8.42. Bank or trust company as paying agent
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/nj/title-40/chapter-48/40-48-8-42·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No bonds or notes entitled to the benefits of this amendatory and supplementary act shall be issued unless there is designated therefor a trustee paying agent or paying agents, at least one of which is a bank or trust company authorized to do business in this State.
L.1979, c. 273, s. 17, eff. Jan. 3, 1980.