New York § 680-D Requirements for special deposit

New York Statutes

§ 680-D — Requirements for special deposit

New York·Law BNK Banking·Art. 13-F Uniform Special Deposits Act

  § 680-d. Requirements for special deposit. A deposit is a special\ndeposit if it is:\n  1. a deposit of funds in a bank under an account agreement;\n  2. for the benefit of at least two beneficiaries, one or more of which\nmay be a depositor;\n  3. denominated in a medium of exchange that is currently authorized or\nadopted by a domestic or foreign government;\n  4. for a permissible purpose stated in the account agreement; and\n  5. subject to a contingency.\n

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§ 680-d. Requirements for special deposit. A deposit is a special\ndeposit if it is:\n 1. a deposit of funds in a bank under an account agreement;\n 2. for the benefit of at least two beneficiaries, one or more of which\nmay be a depositor;\n 3. denominated in a medium of exchange that is currently authorized or\nadopted by a domestic or foreign government;\n 4. for a permissible purpose stated in the account agreement; and\n 5. subject to a contingency.\n

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