Arizona Statutes
§ 6-255 — Requirements for special deposits
Arizona § 6-255
JurisdictionArizona
Title 6Arizona Revised Statutes
Ch. 2BANK ORGANIZATION AND REGULATION
Art. 5.Special Deposits
This text of Arizona § 6-255 (Requirements for special deposits) 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. § 6-255 (2026).
Text
A deposit is a special deposit if it is:
1.A deposit of funds in a bank under an account agreement.
2.For the benefit of at least two beneficiaries, one or more of which may be a depositor.
3.Denominated in a medium of exchange that is currently authorized or adopted by a domestic or foreign government.
4.For a permissible purpose as stated in the account agreement; and
5.Subject to a contingency.
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Related
Browne v. Nowlin
570 P.2d 1246 (Arizona Supreme Court, 1977)
Nearby Sections
15
§ 6-1001
Definitions§ 6-1004
Tenancy in two or more names§ 6-1005
Lease to a minor§ 6-1008
Procedure on death of lessee§ 6-101
Definitions§ 6-1101
Definitions§ 6-1102
Prohibitions§ 6-1103
Exempt persons and transactionsCite This Page — Counsel Stack
Bluebook (online)
Arizona § 6-255, Counsel Stack Legal Research, https://law.counselstack.com/statute/az/6-255.