Alabama § 11-43-122 - Public Depositories; Liability for Loss.
Full text of Alabama Code of Alabama § 11-43-122 — Public Depositories; Liability for Loss., with citation guidance and answers to common questions.
§ 11-43-122. Public Depositories; Liability for Loss.
The council may direct, by ordinance or resolution, one or more qualified public depositories pursuant to Chapter 14A of Title 41 where the treasurer shall deposit public money and may require interest to be paid thereon and security to be given by the depository, but, as to deposits made under the authority of an ordinance of the council, neither the treasurer nor his bondsmen if the treasurer has exercised due care shall be further liable for any loss occasioned thereby.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 11-43-122
What does Code of Alabama § 11-43-122 cover?
Section 11-43-122 ("Public Depositories; Liability for Loss.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 11-43-122?
A common citation format is "Code of Alabama § 11-43-122" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 11-43-122 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.