Colorado Statutes
§ 11-47-119 — Liability of officials of governmental units
No official of a
governmental unit who acted in good faith in selecting, designating, or approving
any eligible public depository for the deposit of public moneys in his custody or
under his control shall be liable for any loss of public moneys deposited therein by
reason of the occurrence of an event of default with respect to such depository.
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Legislative History
Source: L. 75: Entire article added, p. 406, � 1, effective July 1.
Nearby Sections
15
§ 11-10.5-101
Short title§ 11-10.5-102
Legislative declaration§ 11-10.5-103
Definitions§ 11-10.5-104
Applicability of article§ 11-10.5-105
Authority of banking board§ 11-10.5-107
Eligible collateral - uninsured public deposits§ 11-10.5-109
Verification of collateral held - reports required§ 11-10.5-110
Procedures when event of default occurs§ 11-10.5-112
Annual fees and assessments§ 11-101-101
Short title§ 11-101-102
Declaration of policy§ 11-101-201
Effect on existing banks§ 11-101-301
Application of code§ 11-101-302
No private right of action