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47.42 FACSIMILE SIGNATURES, OFFICER NOT LIABLE.
If the governing body of the depositor political subdivision, or of any commission, board,
department or agency thereof, by resolution approves the action of the public officer or other
person in the use of such facsimile, and shall have insured the depositor with an insurance
company authorized to do business in this state, in such amount and form as the governing body
approves, against loss of any public funds withdrawn upon unauthorized use of such facsimile
signature, such public officer or other person shall not be personally liable for loss, if any,
resulting from the use of any such facsimile signature unless the loss occurs by reason of that
person's own wrongful act.
History: 1955 c 96 s 2; 1986 c 444

Official Publication of the State of Minnesota
Revisor of Statutes