4-6A-13. Losses in depositories--Assessment against public depositories.
50 words·~1 min read·
/sd/title-4/chapter-4-6/4-6a-13A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If a loss occurs in a qualified public depository, upon receipt of statements furnished pursuant to § 4-6A-12 , the Public Deposit Protection Commission shall ascertain and fix the amount of such public deposit accounts net after deduction of deposit insurance and assess the same against that qualified public depository.