§ 9-4-825 — Joint custody agreement for securing local deposits; banks authorized to receive collateral

Any properly designated depository of the public funds of the
state or any political subdivision thereof, and any treasurer of
any proper governing board may agree, as an alternate method of
securing the deposit of public funds, to place the collateral
security in any financial institution, as defined in W.S.
13-1-101(a)(ix) and other than the depository bank, chartered as
a state bank or in any national bank other than the depository
bank, in any federal reserve bank or branch thereof, in any bank
which is a member of the federal reserve system or in any
government-sponsored enterprise. The financial institution
receiving the collateral security shall be known as the
custodian.