Alabama § 45-57A-62.10 - Appointing Bank or Trust Company as a Depository.
Full text of Alabama Code of Alabama § 45-57A-62.10 — Appointing Bank or Trust Company as a Depository., with citation guidance and answers to common questions.
§ 45-57A-62.10. Appointing Bank or Trust Company as a Depository.
The board shall appoint a bank or trust company doing business in the city as a depository in which the treasurer shall deposit all money belonging to the fund. If any funds are dissipated or lost by reason of the insolvency or failure of the depository, the dissipation or loss shall not constitute a liability of the treasurer. Interest received on deposits shall be and become a part of the fund.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 45-57A-62.10
What does Code of Alabama § 45-57A-62.10 cover?
Section 45-57A-62.10 ("Appointing Bank or Trust Company as a Depository.") 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 § 45-57A-62.10?
A common citation format is "Code of Alabama § 45-57A-62.10" (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 § 45-57A-62.10 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.