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2013 Kentucky Revised Statutes
CHAPTER 62 - OATHS AND BONDS
62.080 Liability for public funds placed in depository.


KY Rev Stat § 62.080 (2013) What's This?

Download as PDF 62.080 Liability for public funds placed in depository. All persons required by law to give bonds for the discharge or performance of any public or fiducial office, trust or employment are relieved from all liability as insurers of funds that come into their hands or subject to their control after the funds are deposited in good faith in a depository or depositories in the county approved by the fiscal court, and the obligors in the bonds shall not be responsible for loss of, or delay in payment of such funds by reason of the failure or suspension of such depository. Effective:October 1, 1942 History through 1968: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 186d-1.

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