Ariz. Rev. Stat. § 35-1206
Current through L. 2024, ch. 259
When deposits are made in accordance with this chapter, an official of a public depositor is not personally liable for any loss resulting from the default or insolvency of any eligible depository in the absence of negligence, malfeasance, misfeasance or nonfeasance on the part of public depositor or the depositor's agents.
A.R.S. § 35-1206