N.J. Stat. § 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.