N.Y. Banking Law § 680-e: Permissible purpose

§ 680-e. Permissible purpose. 1. A special deposit must serve at least

one permissible purpose stated in the account agreement from the time

the special deposit is created in the account agreement until

termination of the special deposit.

2. If, before termination of the special deposit, the bank or a court

determines the special deposit no longer satisfies subdivision one of

this section, sections six hundred eighty-g, six hundred eighty-h, six

hundred eighty-i and six hundred eighty-j of this article cease to apply

to any funds deposited in the special deposit after the special deposit

ceases to satisfy subdivision one of this section.

3. If, before termination of a special deposit, the bank determines

the special deposit no longer satisfies subdivision one of this section,

the bank may take action it believes is necessary under the

circumstances, including terminating the special deposit.