The city treasurer, in the absence of negligence, shall not be liable for the loss of money while so deposited within the limits above specified occasioned by the closing or insolvency of a designated depository.
(1049-3) 1931 c 216 s 3; 1933 c 62 s 3; 1973 c 123 art 5 s 7; 1976 c 44 s 36
Structure Minnesota Statutes
Chapters 426 - 435 — Municipal Finance, Taxation, Special Assessments
Chapter 427 — Depositories, City And Statutory City Funds
Section 427.01 — Deposit Of Public Funds.
Section 427.02 — Depositories.
Section 427.03 — Duty Of Treasurer; Exemption From Liability.
Section 427.04 — Failure To Designate.
Section 427.05 — Duty Of Council; Interest.
Section 427.06 — Money, How Deposited; Checks, How Drawn.
Section 427.07 — Withdrawal Of Funds.
Section 427.09 — Failure To Designate Depository.
Section 427.10 — Treasurer, Liability.