7-9-37 - Payment by depositories; meaning of "treasurer's check" for purpose of implementation of electronic funds transfer. - Mississippi Statutes

§ 7-9-37. Payment by depositories; meaning of "treasurer's check" for purpose of implementation of electronic funds transfer.
 

All state deposits in any depository in the State of Mississippi shall be subject to payment when demanded by the State Treasurer on his Treasurer's check drawn on the bank for such deposit in payment of a warrant or warrants issued by the State Fiscal Officer, or in the transfer of such deposit or any part thereof from one bank to another or other banks or to the State Treasury, in keeping the funds of the state equitably distributed among the state depositories as required by law, and for any other purposes necessary to carry out the provisions of law or to provide for equitable distribution of funds or payment of warrants when drawn by the State Fiscal Officer. 
 

For the purpose of the implementation of Section 7-9-14, the term "Treasurer's check" as used in this section shall mean either a paper check or a paperless entry on an electronic data processing medium at a state depository that substitutes for a paper check for the purpose of debiting or crediting an account and for which a permanent record is made. 
 

Sources: Codes, 1930, § 7177; 1942, § 4306; Laws,  1928, Ex. ch. 94; Laws, 1983, ch. 355, § 4; Laws, 1984, ch. 488, § 135; Laws, 1989, ch. 532, § 45, eff from and after July 1, 1989.