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Arizona · Snapshot 2026-08-09 · Newer source version available

A.R.S. § 6-263: Term and termination

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Where this section sits in the code
  1. Title 6 Banks and Financial Institutions

A. Unless otherwise provided in an account agreement, a special deposit terminates five years after the date the special deposit was first funded.

B. Unless otherwise provided in the account agreement, if the bank cannot identify or locate a beneficiary entitled to payment when the special deposit is terminated, and a balance remains in the special deposit, the bank shall pay the balance to the depositor or depositors as a beneficiary or beneficiaries.

C. A bank that pays the remaining balance as provided under subsection B of this section has no further obligation to the special deposit.

Collected 2026-09-04T00:49:56Z. Source file · JSON

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