Pennsylvania § 11406 Depositories of city funds

Pennsylvania Statutes

§ 11406 — Depositories of city funds

Pennsylvania § 11406

Title 11CITIES

PartPART V

Ch. 114CITY TREASURER

This text of Pennsylvania § 11406 (Depositories of city funds) is published on Counsel Stack Legal Research, covering Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

11 Pa. Cons. Stat. § 11406 (2026).

Text

(a)Depositories.--The city treasurer shall keep public funds in banks or financial depositories as directed by council and under the restrictions and safeguards as provided by council. The city treasurer shall verify the city treasurer's accounts as requested by council.

(b)Liability prohibited.--The city treasurer, acting in accordance with law, shall not be liable for the loss of city funds caused by the insolvency or negligence of any city depositories.

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(a) Depositories.--The city treasurer shall keep public funds in banks or financial depositories as directed by council and under the restrictions and safeguards as provided by council. The city treasurer shall verify the city treasurer's accounts as requested by council.

(b) Liability prohibited.--The city treasurer, acting in accordance with law, shall not be liable for the loss of city funds caused by the insolvency or negligence of any city depositories.