Arizona § 35-1205 Authority to make public deposits

Arizona Statutes

§ 35-1205 — Authority to make public deposits

Arizona·Title 35 Arizona Revised Statutes·Ch. 10 PUBLIC DEPOSITS·Art. 1 General Provisions

A.All public depositors may make public deposits under the depositor's control in eligible depositories. The eligible depository shall secure any uninsured public deposits pursuant to this chapter or in accordance with the procedures prescribed in section 35-323.01.

B.Local officials handling public deposits in this state may not require from an eligible depository any pledge of collateral for the deposits in excess of the requirements of this chapter.

Free access — add to your briefcase to read the full text and ask questions with AI

A. All public depositors may make public deposits under the depositor's control in eligible depositories. The eligible depository shall secure any uninsured public deposits pursuant to this chapter or in accordance with the procedures prescribed in section 35-323.01.

B. Local officials handling public deposits in this state may not require from an eligible depository any pledge of collateral for the deposits in excess of the requirements of this chapter.

Arizona § 35-1205 (Authority to make public deposits) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.