Alabama Statutes
§ 45-57A-62.10 — Appointing Bank or Trust Company as a Depository
Alabama § 45-57A-62.10
JurisdictionAlabama
Title 45Local Laws
Ch. 57ARussell County Municipalities
Art. 6Phenix City
Part 3Employees
This text of Alabama § 45-57A-62.10 (Appointing Bank or Trust Company as a Depository) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ala. Code § 45-57A-62.10 (2026).
Text
The board shall appoint a bank or trust company doing business in the city as a depository in which the treasurer shall deposit all money belonging to the fund. If any funds are dissipated or lost by reason of the insolvency or failure of the depository, the dissipation or loss shall not constitute a liability of the treasurer. Interest received on deposits shall be and become a part of the fund.
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Legislative History
(Acts 1947, No. 13, p. 7, § 11.)
Nearby Sections
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Superintendent of Education§ 45-1-100.02
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Compensation of Poll Workers§ 45-1-120
Reserved§ 45-1-130
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Reserved§ 45-1-150
Reserved§ 45-1-160
Reserved§ 45-1-180
Reserved§ 45-1-190
Reserved§ 45-1-20
Licensing and Regulation; ViolationsCite This Page — Counsel Stack
Bluebook (online)
Alabama § 45-57A-62.10, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/45-57A-62.10.