35-1205. Authority to make public deposits
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.
Section: Previous 35-1004 35-1005 35-1101 35-1201 35-1202 35-1203 35-1204 35-1205 35-1206 35-1207 35-1208 35-1209 35-1210 35-1211 35-1212 NextLast modified: October 13, 2016