---
title: O.C.G.A. § 45-8-17. Deposit of funds in banks or depositories — Liability.
collection: code
id: 45-8-17
cite_as: O.C.G.A. § 45-8-17 (2025)
canonical_url: https://georgiacommons.org/code/45-8-17
md_url: https://georgiacommons.org/code/45-8-17.md
text_url: https://georgiacommons.org/code/45-8-17/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t45-(v33)-2016-pdf.pdf?sfvrsn=cde47f8a_0#page=176
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/45-8.md
previous: https://georgiacommons.org/code/45-8-16.md
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index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: PUBLIC OFFICERS AND EMPLOYEES / ACCOUNTING FOR PUBLIC FUNDS
---

# O.C.G.A. § 45-8-17. Deposit of funds in banks or depositories — Liability.

No proper authority, including the state treasurer, nor any member of a board or tribunal constituting such a proper authority shall, where acting in good faith, incur any liability by reason of designating any depository, permitting deposits of public funds to be collateralized by the direct method or the pooled method, administering or regulating the pooled method, or taking any other official action required of such proper authority under this chapter.

## History

Ga. L. 1933, p. 78, § 6; Code 1933, § 89-815; Ga. L. 1997, p. 868, § 4; Ga. L. 2010, p. 863, § 4/SB 296.