Arizona § 6-263 Term and termination

Arizona Statutes

§ 6-263 — Term and termination

Arizona § 6-263

Title 6Arizona Revised Statutes

Ch. 2BANK ORGANIZATION AND REGULATION

Art. 5.Special Deposits

This text of Arizona § 6-263 (Term and termination) 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. § 6-263 (2026).

Text

A.Unless otherwise provided in an account agreement, a special deposit terminates five years after the date the special deposit was first funded.

B.Unless otherwise provided in the account agreement, if the bank cannot identify or locate a beneficiary entitled to payment when the special deposit is terminated, and a balance remains in the special deposit, the bank shall pay the balance to the depositor or depositors as a beneficiary or beneficiaries.

C.A bank that pays the remaining balance as provided under subsection B of this section has no further obligation to the special deposit.

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A. Unless otherwise provided in an account agreement, a special deposit terminates five years after the date the special deposit was first funded.

B. Unless otherwise provided in the account agreement, if the bank cannot identify or locate a beneficiary entitled to payment when the special deposit is terminated, and a balance remains in the special deposit, the bank shall pay the balance to the depositor or depositors as a beneficiary or beneficiaries.

C. A bank that pays the remaining balance as provided under subsection B of this section has no further obligation to the special deposit.