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O.C.G.A. § 50-17-55 — Absolute discretion of State Depository Board in performance of duties | Georgia Code

O.C.G.A. § 50-17-55 (2018) Copy Cite Official Site Syfertize CourtListener Scholar Amendments

TITLE 50 STATE GOVERNMENT

Section 17. State Debt, Investment, and Depositories, 50-17-1 through 50-17-105.

ARTICLE 3 STATE DEPOSITORIES

50-17-55. Absolute discretion of State Depository Board in performance of duties.

The board shall exercise absolute discretion in performing its duties under this article.

(Ga. L. 1949, p. 13, § 5.)

RESEARCH REFERENCES

Am. Jur. 2d.

- 63C Am. Jur. 2d, Public Funds, § 7.

ALR.

- Invalid designation by another than depositing officer of depository for public funds as affecting liability of officer or his bond for loss thereof through failure of depository, 66 A.L.R. 1059.

Power of board or officials to depart from literal requirements in respect of deposits or loans of public funds in their control, 104 A.L.R. 623.

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This Georgia Code resource is curated by this site's author, a personal injury and workers' compensation attorney admitted in Georgia (State Bar of Georgia No. 881027, since 2006) and Florida. For legal consultation, call 904-383-7448.