State Codes and Statutes

Statutes > New-york > Cnt > Article-13 > 552

§  552.  Liability  of county for loss of court and trust funds.  Each  county shall be responsible for all property or  moneys  deposited  with  the  county treasurer of the county by virtue of any judgment, decree or  order of a court of record in this  state  provided,  however,  that  no  county shall be held liable for any loss due to the depreciated value of  an  investment  legal at the time of its purchase and which continued to  be a legal investment during the period of the  trust.    An  action  to  recover any loss to or of such fund may be brought against the county by  any  party aggrieved or by the state comptroller in a court of competent  jurisdiction.

State Codes and Statutes

Statutes > New-york > Cnt > Article-13 > 552

§  552.  Liability  of county for loss of court and trust funds.  Each  county shall be responsible for all property or  moneys  deposited  with  the  county treasurer of the county by virtue of any judgment, decree or  order of a court of record in this  state  provided,  however,  that  no  county shall be held liable for any loss due to the depreciated value of  an  investment  legal at the time of its purchase and which continued to  be a legal investment during the period of the  trust.    An  action  to  recover any loss to or of such fund may be brought against the county by  any  party aggrieved or by the state comptroller in a court of competent  jurisdiction.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Cnt > Article-13 > 552

§  552.  Liability  of county for loss of court and trust funds.  Each  county shall be responsible for all property or  moneys  deposited  with  the  county treasurer of the county by virtue of any judgment, decree or  order of a court of record in this  state  provided,  however,  that  no  county shall be held liable for any loss due to the depreciated value of  an  investment  legal at the time of its purchase and which continued to  be a legal investment during the period of the  trust.    An  action  to  recover any loss to or of such fund may be brought against the county by  any  party aggrieved or by the state comptroller in a court of competent  jurisdiction.