21-135 - Insolvency of depository.
§ 21-135. Insolvency of depository.
The treasurer shall not be liable for any deposits which shall be lost byreason of the insolvency or failure of any bank in which he shall have beendirected by the governing body to deposit them.
(1946, p. 183; Michie Suppl. 1946, § 1560z6.)