State Depository definition
Examples of State Depository in a sentence
A Depository, upon failing to meet the State Depository Board’s criteria for a Covered Depository, may be asked to voluntarily withdraw from the Secure Deposit Program.
If a Depository is asked to voluntarily withdraw by the Treasurer or the Administrator, the Depository agrees the Depository will withdraw in accordance with the State of Georgia Secure Deposit Program Policy adopted by the State Depository Board.
Upon an Event of Default, ▇▇▇▇▇▇▇▇▇▇ agrees to be bound by State of Georgia Secure Deposit Program Policy as promulgated by the State Depository Board.
A depository, upon failing to meet the State Depository Board’s criteria for a Qualified Depository, may be asked to voluntary withdraw from the pledging pool.
The State Treasurer, acting on behalf of the State Depository Board, may immediately terminate this State Banking Agreement and any of the Other Agreements, unless otherwise specified in writing by the State Treasurer, should the Bank no longer be approved as a qualified state depository or should the State Depository Board otherwise determine to limit the State’s financial exposure to the Bank.