(a) Subject to the conditions and limitations provided in §§ 19-3-508 -- 19-3-517, a bank or savings and loan association may be designated as a bank depository.
(b) (1) A bank or savings and loan association is not required to act as a bank depository.
(2) However, the acceptance of a deposit of State Treasury funds requires a bank depository to observe §§ 19-3-508 -- 19-3-517.
Section: Previous 19-3-502 19-3-503 19-3-504 19-3-505 19-3-506 19-3-507 19-3-508 19-3-509 19-3-510 19-3-511 19-3-512 19-3-513 19-3-514 19-3-515 NextLast modified: November 15, 2016