N.Y. CNT Law § 552
This is the official text of N.Y. CNT Law § 552, part of New York’s CNT Law — part of the compiled statutory law of New York, published by the state as "CNT Law." Browse the sections below, each linked to its official government source.
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Liability of county for loss of court and trust funds
Official statutory text
§ 552. Liability of county for loss of court and trust funds. Each\ncounty shall be responsible for all property or moneys deposited with\nthe county treasurer of the county by virtue of any judgment, decree or\norder of a court of record in this state provided, however, that no\ncounty shall be held liable for any loss due to the depreciated value of\nan investment legal at the time of its purchase and which continued to\nbe a legal investment during the period of the trust. An action to\nrecover any loss to or of such fund may be brought against the county by\nany party aggrieved or by the state comptroller in a court of competent\njurisdiction.\n
Status: in_force · Read it on the official government site
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