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  • SECTION 680-A
    Definitions
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  • ARTICLE 13-F
    Uniform Special Deposits Act
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  • SECTION 680-C
    Variation by agreement or amendment
    • This entry was published on 2025-12-12
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    SECTION 680-B

    Scope; choice of law; forum

    Banking (BNK) CHAPTER 2, ARTICLE 13-F

    * § 680-b. Scope; choice of law; forum. 1. This article applies to a
    special deposit under an account agreement that states the intention of
    the parties to establish a special deposit governed by this article,
    regardless of whether a party to the account agreement or a transaction
    related to the special deposit, or the special deposit itself, has a
    reasonable relation to this state.

    2. The parties to an account agreement may choose a forum in this
    state for settling a dispute arising out of the special deposit,
    regardless of whether a party to the account agreement or a transaction
    related to the special deposit, or the special deposit itself, has a
    reasonable relation to this state.

    3. This article does not affect:

    (a) a right or obligation relating to a deposit other than a special
    deposit under this article; or

    (b) the voidability of a deposit or transfer that is fraudulent or
    voidable under other law.

    * NB Effective January 1, 2026