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2012 New York Consolidated Laws
CNT - County
Article 13 - (550 - 553) COUNTY TREASURER
552 - Liability of county for loss of court and trust funds.


NY Cty L § 552 (2012) What's This?
 
    §  552.  Liability  of county for loss of court and trust funds.  Each
  county shall be responsible for all property or  moneys  deposited  with
  the  county treasurer of the county by virtue of any judgment, decree or
  order of a court of record in this  state  provided,  however,  that  no
  county shall be held liable for any loss due to the depreciated value of
  an  investment  legal at the time of its purchase and which continued to
  be a legal investment during the period of the  trust.    An  action  to
  recover any loss to or of such fund may be brought against the county by
  any  party aggrieved or by the state comptroller in a court of competent
  jurisdiction.

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