N.Y. Banking Law § 680-o: Transitional provision

§ 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.