Depository Liability
A public official is liable for public funds which he/she deposits in a bank and cannot pay over because of insolvency or failure of the bank. In many states, statutes provide for the designation of depositories for public funds and for the furnishing of collateral security by such depositories. Such laws, if interpreted strictly, usually exempt the public official and his/her surety from liability for loss through failure of any of the designated and qualified depositories.
Surety Bond Resources
Becoming a notary in Texas is a valuable step for anyone looking to enhance their professional credentials while providing an...
In Texas, a vehicle title is crucial for legally registering and proving ownership of a car. But what happens if...
If you’ve lost your boat’s title or are facing ownership disputes, obtaining a bonded title might be the solution. In...
Questions?
Leo semper aliquet conubia nam aenean non iaculis egestas condimentum cursus nascetur, dignissim at imperdiet maecenas dapibus convallis tempus aliquam primis tincidunt faucibus, ultrices potenti quis mattis.