{"data":{"id":"us-nj/n.j.-stat.-40-48-8.42","jurisdiction":"us-nj","citation":"N.J. Stat. § 40:48-8.42","heading":"Bank or trust company as paying agent","body":"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.\nL.1979, c. 273, s. 17, eff. Jan. 3, 1980.","path":["TITLE 40 MUNICIPALITIES AND COUNTIES"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"aa1c7d4a6675804e3a77dcb9ffa3298f676ce2bc3306f0885a604e9627c5c27c","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-40-48-8.40","next":"us-nj/n.j.-stat.-40-48-8.43"},"notice":"GroundRules: Original legal text. Not legal advice."}