{"data":{"id":"us-ny/n.y.-banking-law-680-d","jurisdiction":"us-ny","citation":"N.Y. Banking Law § 680-d","heading":"Requirements for special deposit","body":"§ 680-d. Requirements for special deposit. A deposit is a special\ndeposit if it is:\n  1. a deposit of funds in a bank under an account agreement;\n  2. for the benefit of at least two beneficiaries, one or more of which\nmay be a depositor;\n  3. denominated in a medium of exchange that is currently authorized or\nadopted by a domestic or foreign government;\n  4. for a permissible purpose stated in the account agreement; and\n  5. subject to a contingency.","path":["Banking Law","Article 13-F. Uniform Special Deposits Act"],"source_url":"https://legislation.nysenate.gov/api/3/laws/BNK/680-D","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"90329d05637f872e898a1c6a7e2aba831dbc0583b856b6d6e843fb072f0ce2d4","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-banking-law-680-c","next":"us-ny/n.y.-banking-law-680-e"},"notice":"GroundRules: Original legal text. Not legal advice."}