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New Jersey Statutes, Title: 40, MUNICIPALITIES AND COUNTIES
Chapter 48: Ordinances; general purpose.
Section: 40:48-8.42: Bank or trust company as paying agent
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.
This section added to the Rutgers Database: 2012-09-26 13:37:52.
Older versions of 40:48-8.42 (if available):
Court decisions that cite this statute: CLICK HERE.