N.C. Gen. Stat. § 54D-5: Requirements for special deposit.

A deposit is a special deposit if all of the following apply:

(1) The deposit is a deposit of funds in a bank under an account agreement.

(2) The deposit is for the benefit of at least two beneficiaries, one or more of which may be a depositor.

(3) The deposit is denominated in a medium of exchange that is currently authorized or adopted by a domestic or foreign government.

(4) The deposit is for a permissible purpose stated in the account agreement.

(5) The deposit is subject to a contingency. (2025-25, s. 158.)