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Code · Arizona · Title 35 — Public Buildings, Works, and Improvements

35-1206. Public depositors; immunity

51 words·~1 min read·/az/title-35/35-1206

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When deposits are made in accordance with this chapter, an official of a public depositor is not personally liable for any loss resulting from the default or insolvency of any eligible depository in the absence of negligence, malfeasance, misfeasance or nonfeasance on the part of public depositor or the depositor's agents.
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