Section 19-3-507 - Bank depositories generally(a) Subject to the conditions and limitations provided in §§ 19-3-508 - 19-3-517, a bank or savings and loan association may be designated as a bank depository.(b)(1) A bank or savings and loan association is not required to act as a bank depository.(2) However, the acceptance of a deposit of State Treasury funds requires a bank depository to observe §§ 19-3-508 - 19-3-517.Amended by Act 2013, No. 1088,§ 2, eff. 8/16/2013.