TITLE 67

STATE GOVERNMENT AND STATE AFFAIRS

CHAPTER 13

CUSTODIAN FOR MONEY AND SECURITIES HELD BY STATE

67-1303.  Duties of state treasurer connected with custody. It shall be the duty of the state treasurer, and such additional or multiple custodians appointed by the treasurer to act with him in carrying out the purposes of this act, after receiving such money, bonds, debentures or other securities to properly protect the state by complying with all of the necessities and duties devolving upon the holder of such money, bonds, debentures or other securities, and in the case of securities held for collateral, to redeliver same to the proper state officer or employee upon demand, getting therefrom his receipt for the same, to the end that said officer or employee may redeliver same to the original depositor, upon the fulfillment of the conditions under which said collateral was held by the state.

History:

[(67-1303) 1923, ch. 125, sec. 3, p. 170; I.C.A., sec. 65-1203; am. 1981, ch. 3, sec. 4, p. 8.]