CHAPTER 12. PUBLIC MONEYS AND SECURITIES.

§12-1B-12. Liability of public depositors.

When deposits are made in accordance with this article, no official of a public depositor may be personally liable for any loss resulting from the default or insolvency of any designated state depository in the absence of negligence, malfeasance, misfeasance, or nonfeasance.

Bill History For §12-1B-12