§ 552. Liability of county for loss of court and trust funds.
119 words·~1 min read·
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§ 552. Liability of county for loss of court and trust funds. Each
county shall be responsible for all property or moneys deposited with
the county treasurer of the county by virtue of any judgment, decree or
order of a court of record in this state provided, however, that no
county shall be held liable for any loss due to the depreciated value of
an investment legal at the time of its purchase and which continued to
be a legal investment during the period of the trust. An action to
recover any loss to or of such fund may be brought against the county by
any party aggrieved or by the state comptroller in a court of competent
jurisdiction.