Alabama § 41-14A-11 - Liability of Public Depositors and the State.
Full text of Alabama Code of Alabama § 41-14A-11 — Liability of Public Depositors and the State., with citation guidance and answers to common questions.
§ 41-14A-11. Liability of Public Depositors and the State.
(a) When public deposits are made in accordance with this chapter, no public depositor shall be liable for any loss thereof resulting from the default or insolvency of any qualified public depository in the absence of negligence, malfeasance, misfeasance, or nonfeasance on the part of the public depositor, or its agents or employees.
(b) Under no circumstance shall this state, or any state agency or any covered public entity, be liable for all or any portion of any loss resulting from the default or insolvency of a qualified public depository.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 41-14A-11
What does Code of Alabama § 41-14A-11 cover?
Section 41-14A-11 ("Liability of Public Depositors and the State.") 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 § 41-14A-11?
A common citation format is "Code of Alabama § 41-14A-11" (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 § 41-14A-11 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.