Revised Code of Washington - RCW Title 43 State Government -- Executive - Section 43.85.070 Deposits deemed in state treasury -- Liability

§ 43.85.070. Deposits deemed in state treasury -- Liability

The state treasurer may deposit with any qualified public depositary which has fully complied with all requirements of law and the regulations of the public deposit protection commission any state moneys in his hands or under his official control and any sum so on deposit shall be deemed to be in the state treasury, and he shall not be liable for any loss thereof resulting from the failure or default of any such depositary without fault or neglect on his part or on the part of his assistants or clerks.

[1969 ex.s. c 193 § 18; 1965 c 8 § 43.85.070. Prior: 1945 c 129 § 2; 1943 c 134 § 1; 1935 c 139 § 3; 1931 c 87 § 2; 1907 c 37 § 4; Rem. Supp. 1945 § 5551.]

Notes:
     Construction -- Severability -- 1969 ex.s. c 193: See notes following RCW 39.58.010.

Liability of treasurers for losses of deposits: RCW 39.58.140. Sections:  43.85.070  43.85.190  43.85.200  43.85.210  43.85.220  43.85.230  Next

Last modified: April 7, 2009