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  • SECTION 680-F
    Payment to beneficiary by bank
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  • ARTICLE 13-F
    Uniform Special Deposits Act
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  • SECTION 680-H
    When creditor process enforceable against bank
    • This entry was published on 2025-12-12
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    SECTION 680-G

    Property interest of depositor or beneficiary

    Banking (BNK) CHAPTER 2, ARTICLE 13-F

    * § 680-g. Property interest of depositor or beneficiary. 1. Neither a
    depositor nor a beneficiary has a property interest in a special
    deposit.

    2. Any property interest with respect to a special deposit is only in
    the right to receive payment if the bank is obligated to pay a
    beneficiary and not in the special deposit itself. Any property interest
    under this subdivision shall be subject to the provisions of this
    chapter and to rules and regulations made in accordance therewith.

    * NB Effective January 1, 2026