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<br />Minnesota Statutes 2001, 427.03 <br /> <br />Minl1esot:LStatntes20QLJ:'!bI\LQtCh<lnters <br /> <br />Tahl~ill coptents.JorClillJ;lteL42-7 <br /> <br />427.03 Duty of treasurer; exemption from liability. <br /> <br />The treasurer of each city where depositories have been <br />designated in accordance with sections j_~J_.__Q? to '!?l._Q.J shall <br />keep the funds of the city as far as possible in the <br />depositories so designated and when so deposited the treasurer <br />and the sureties on the official bond of such treasurer shall be <br />exempt from all liability for the loss of any such funds so <br />deposited as provided in sections i~_'L__.92 to4_~?_.~9-I, if such loss <br />is caused by the failure, bankruptcy, or any other act of <br />default of such depository. <br /> <br />HIST, (1328) 1907 c 17 s 2 <br /> <br />Copyright 2001 by the Office of Revisor of Statutes, State of Minnesota. <br /> <br />http://www.revisor.leg.state.mn.us/stats/4 27/03 .html <br /> <br />Page 1 of 1 <br /> <br />. <br /> <br />9/1312002 <br />