Statute · New York Banking Law
N.Y. Banking Law § 680-b — Scope; choice of law; forum
N.Y. Banking Law § 680-b
- Type
- Statute
- Source
- New York Banking Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 680-b. Scope; choice of law; forum. 1. This article applies to a special deposit under an account agreement that states the intention of the parties to establish a special deposit governed by this article, regardless of whether a party to the account agreement or a transaction related to the…
Citator
N.Y. Banking Law § 680-b — Scope; choice of law; forum is in force in the current edition of the Code, and nothing recorded condemns it.
§ 680-b. Scope; choice of law; forum. 1. This article applies to a special deposit under an account agreement that states the intention of the parties to establish a special deposit governed by this article, regardless of whether a party to the account agreement or a transaction related to the special deposit, or the special deposit itself, has a reasonable relation to this state.
2. The parties to an account agreement may choose a forum in this state for settling a dispute arising out of the special deposit, regardless of whether a party to the account agreement or a transaction related to the special deposit, or the special deposit itself, has a reasonable relation to this state.
3. This article does not affect:
(a) a right or obligation relating to a deposit other than a special deposit under this article; or
(b) the voidability of a deposit or transfer that is fraudulent or voidable under other law.