Statutes > Arkansas Statutes > Title 19 - Public Finance > Chapter 3 - State Treasury Management > Subchapter 5 - State Treasury Management Law > § 19-3-517 - Effect of proper deposits.

§ 19-3-517 - Effect of proper deposits.

19-3-517. Effect of proper deposits.

The deposit of State Treasury funds in accordance with the provisions of 19-3-507 -- 19-3-516 shall relieve the Treasurer of State and the surety on the Treasurer of State's bond of any and all liability for the loss of such funds by reason of the default or insolvency of any bank depository of State Treasury funds.