§ 13-12-104 — Requirements relating to depositors; nature of business

(a) Except as otherwise provided by subsection (d) of this
section, no depositor shall maintain an account with a special
purpose depository institution or otherwise receive any services
from the institution unless the depositor meets the criteria of
this subsection. A depositor shall:
(i) Repealed by Laws 2025, ch. 150, § 3.
(ii) Repealed by Laws 2025, ch. 150, § 3.
(iii) Maintain deposits with the institution totaling
not less than one thousand dollars ($1,000.00). A depositor
shall not be deemed in violation of this paragraph unless the
total deposit amount is less than one thousand dollars
($1,000.00) for five (5) or more consecutive business days;
(iv) Repealed by Laws 2025, ch. 150, § 3.
(v) Make sufficient evidence available to the special
purpose depository institution to enable compliance with anti-
money laundering, customer identification and beneficial
ownership requirements, as determined by the institution.
(b) Repealed by Laws 2020, ch. 27, § 2.
(c) Repealed by Laws 2025, ch. 150, § 3.
(d) Repealed by Laws 2025, ch. 150, § 3.