Bank depositories generally

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  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.

  2. (b)

    1. (1) A bank or savings and loan association is not required to act as a bank depository.

    2. (2) However, the acceptance of a deposit of State Treasury funds requires a bank depository to observe §§ 19-3-508 — 19-3-517.


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