Section 58-7-38 - Release of deposited assets--Terms--Nonliability of director acting in good faith

58-7-38. Release of deposited assets--Terms--Nonliability of director acting in good faith.No release of deposited assets and securities may be made except upon application to and the written order of the director and under the terms of the custodial or depository arrangement. The director is not personally liable for the release of any deposit made by him in good faith. Source: SL 1966, ch 111, ch 7, §14 (5); SL 1991, ch 398, §19.