New York § 680-O Transitional provision

New York Statutes

§ 680-O — Transitional provision

New York § 680-O

Law BNKBanking

Art. 13-FUniform Special Deposits Act

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Bluebook

N.Y. Banking § 680-O (2026).

Text

  § 680-o. Transitional provision. This article applies to:\n  1. a special deposit made under an account agreement executed on or\nafter the effective date of this article; and\n  2. a deposit made under an agreement executed before the effective\ndate of this article, if:\n  (a) all parties entitled to amend the agreement agree to make the\ndeposit a special deposit governed by this article; and\n  (b) the special deposit referenced in the amended agreement satisfies\nthe provisions of section six hundred eighty-d of this article.\n

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§ 680-o. Transitional provision. This article applies to:\n 1. a special deposit made under an account agreement executed on or\nafter the effective date of this article; and\n 2. a deposit made under an agreement executed before the effective\ndate of this article, if:\n (a) all parties entitled to amend the agreement agree to make the\ndeposit a special deposit governed by this article; and\n (b) the special deposit referenced in the amended agreement satisfies\nthe provisions of section six hundred eighty-d of this article.\n