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§ 11406. Depositories of city funds

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 11 Pa.C.S.A. CitiesEffective: January 25, 2016

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 11 Pa.C.S.A. Cities
Part V. Third Class Cities (Refs & Annos)
Chapter 114. City Treasurer
Effective: January 25, 2016
11 Pa.C.S.A. § 11406
Formerly cited as PA ST 53 P.S. § 36406
§ 11406. Depositories of city funds
Currentness
(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.

Credits

2015, Nov. 24, P.L. 242, No. 67, § 1, effective in 60 days [Jan. 25, 2016].
11 Pa.C.S.A. § 11406, PA ST 11 Pa.C.S.A. § 11406
Current through Act 18 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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