58-08-08. Township moneys to be deposited in township name - Penalty

58-08-08. Township moneys to be deposited in township name - Penalty A township treasurer may not deposit, in that person's own name, moneys belonging to the township in any bank, savings bank, trust company, or other fiduciary institution. All township moneys must be deposited in the name of the township and any interest on such moneys must be credited to the township fund. Any person violating any provision of this section is guilty of a class A misdemeanor.