New York CNT Code § 552

Liability of county for loss of court and trust funds
Open in Lexace · Ask the AI about this section
§ 552. Liability of county for loss of court and trust funds.  Each\ncounty shall be responsible for all property or moneys deposited with\nthe county treasurer of the county by virtue of any judgment, decree or\norder of a court of record in this state provided, however, that no\ncounty shall be held liable for any loss due to the depreciated value of\nan investment legal at the time of its purchase and which continued to\nbe a legal investment during the period of the trust.  An action to\nrecover any loss to or of such fund may be brought against the county by\nany party aggrieved or by the state comptroller in a court of competent\njurisdiction.\n

‹ Prev All New York sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.