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62.080 Liability for public funds placed in depository.

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62.080 Liability for public funds placed in depository. All persons required by law to give bonds for the discharge or performance of any public <br>or fiducial office, trust or employment are relieved from all liability as insurers of funds <br>that come into their hands or subject to their control after the funds are deposited in good <br>faith in a depository or depositories in the county approved by the fiscal court, and the <br>obligors in the bonds shall not be responsible for loss of, or delay in payment of such <br>funds by reason of the failure or suspension of such depository. Effective: October 1, 1942 <br>History through 1968: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 186d-1.