Bank depositories generally
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AR Code › Title 19 › Chapter 3 › Subchapter 5 › Section 19-3-507
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(a) Subject to the conditions and limitations provided in §§ 19-3-508 - 19-3-517 , a bank or savings and loan association may be designated as a bank depository. (b) (1) A bank or savings and loan association is not required to act as a bank depository. (2) However, the acceptance of a deposit of State Treasury funds requires a bank depository to observe §§ 19-3-508 - 19-3-517 . Amended by Act 2013, No. 1088,§ 2, eff. 8/16/2013. Acts 1997, No. 847, § 1.
(a) Subject to the conditions and limitations provided in §§ 19-3-508 - 19-3-517 , a bank or savings and loan association may be designated as a bank depository.
(b) (1) A bank or savings and loan association is not required to act as a bank depository. (2) However, the acceptance of a deposit of State Treasury funds requires a bank depository to observe §§ 19-3-508 - 19-3-517 .
(1) A bank or savings and loan association is not required to act as a bank depository.
(2) However, the acceptance of a deposit of State Treasury funds requires a bank depository to observe §§ 19-3-508 - 19-3-517 .
Amended by Act 2013, No. 1088,§ 2, eff. 8/16/2013.
Acts 1997, No. 847, § 1.
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