Legislation

Search OpenLegislation Statutes

This entry was published on 2025-12-12
NOTE: The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.

SECTION 680-O

Transitional provision

Banking (BNK) CHAPTER 2, ARTICLE 13-F

* § 680-o. Transitional provision. This article applies to:

1. a special deposit made under an account agreement executed on or
after the effective date of this article; and

2. a deposit made under an agreement executed before the effective
date of this article, if:

(a) all parties entitled to amend the agreement agree to make the
deposit a special deposit governed by this article; and

(b) the special deposit referenced in the amended agreement satisfies
the provisions of section six hundred eighty-d of this article.

* NB Effective January 1, 2026