Statute · New York County Law
N.Y. County Law § 552 — Liability of county for loss of court and trust funds
N.Y. County Law § 552
- Type
- Statute
- Source
- New York County Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 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…
Citator
N.Y. County Law § 552 — Liability of county for loss of court and trust funds is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.