N.Y. GCT Law § 3-A
This is the official text of N.Y. GCT Law § 3-A, part of New York’s GCT Law — part of the compiled statutory law of New York, published by the state as "GCT Law." Browse the sections below, each linked to its official government source.
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Liability of city officials
Official statutory text
§ 3-a. Liability of city officials. No official of any city of this\nstate who shall deposit any moneys coming into his hands by virtue of\nhis office in any bank, savings bank, national banking association,\ntrust company, or with any private banker, in accordance with the\nprovisions of any general or local law or charter, or in accordance with\nthe official action taken by the governing body or board of any such\ncity, shall be liable for the loss of any such moneys resulting from the\ndefault or insolvency of any such depositary.\n
Status: in_force · Read it on the official government site
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