9-1406. Exemption from liability for loss by official depository. No public officer nor the sureties upon such officer's bond shall be liable for any loss sustained by the failure or default of any designated depository or depositories after a deposit or deposits have been made in an officially designated bank, savings and loan association or savings bank as provided in this act. This exemption from liability shall apply even though other statutes shall require the furnishing of a bond or other securities by the designated depositories of public moneys. This exemption shall also apply whenever a public officer, municipal corporation or quasi-municipal corporation has acted in good faith to comply with the provisions of this act.
History: L. 1947, ch. 102, § 68; L. 1983, ch. 47, § 6; L. 1986, ch. 76, § 6; L. 1989, ch. 48, § 45; L. 1997, ch. 180, § 7; L. 2000, ch. 71, § 1; July 1.
Structure Kansas Statutes
Chapter 9 - Banks And Banking; Trust Companies
Article 14 - Banking Code; Deposit Of Public Moneys
9-1401 Designation of depositories for public funds; duty of public officers; agreements.
9-1402 Securing the deposits of public funds.
9-1403 Securities for deposits of public funds; exemption during peak deposits.
9-1406 Exemption from liability for loss by official depository.
9-1407 Exemption of security for insured portion of public deposits; reciprocal deposit programs.
9-1409 Securing deposits of public moneys of out-of-state governmental units; when.