D.C. Code § 28-2954: Requirements for special deposit.

(a)

A deposit is a special deposit if it is:

(1)

A deposit of funds in a bank under an account agreement;

(2)

For the benefit of at least 2 beneficiaries, one or more of which may be a depositor;

(3)

Denominated in a medium of exchange that is currently authorized or adopted by a domestic or foreign government;

(4)

For a permissible purpose stated in the account agreement; and

(5)

Subject to a contingency.