Arizona § 6-253 Scope; choice of law; forum

Arizona Statutes

§ 6-253 — Scope; choice of law; forum

Arizona § 6-253

Title 6Arizona Revised Statutes

Ch. 2BANK ORGANIZATION AND REGULATION

Art. 5.Special Deposits

This text of Arizona § 6-253 (Scope; choice of law; forum) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 6-253 (2026).

Text

A.This article applies to a special deposit under an account agreement that states the intention of the parties to establish a special deposit governed by this article, regardless of whether a party to the account agreement or a transaction related to the special deposit, or the special deposit itself, has a reasonable relation to this state.

B.The parties to an account agreement may choose a forum in this state for settling a dispute arising out of the special deposit, regardless of whether a party to the account agreement or a transaction related to the special deposit, or the special deposit itself, has a reasonable relation to this state.

C.This article does not affect:

1.A right or obligation relating to a deposit other than a special deposit under this article; or

2.The void

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A. This article applies to a special deposit under an account agreement that states the intention of the parties to establish a special deposit governed by this article, regardless of whether a party to the account agreement or a transaction related to the special deposit, or the special deposit itself, has a reasonable relation to this state.

B. The parties to an account agreement may choose a forum in this state for settling a dispute arising out of the special deposit, regardless of whether a party to the account agreement or a transaction related to the special deposit, or the special deposit itself, has a reasonable relation to this state.

C. This article does not affect:

1. A right or obligation relating to a deposit other than a special deposit under this article; or

2. The voidability of a deposit or transfer that is fraudulent or voidable under other law.