Statute · New York Banking Law
N.Y. Banking Law § 680-g — Property interest of depositor or beneficiary
N.Y. Banking Law § 680-g
- Type
- Statute
- Source
- New York Banking Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 680-g. Property interest of depositor or beneficiary. 1. Neither a depositor nor a beneficiary has a property interest in a special deposit.
Citator
N.Y. Banking Law § 680-g — Property interest of depositor or beneficiary is in force in the current edition of the Code, and nothing recorded condemns it.
§ 680-g. Property interest of depositor or beneficiary. 1. Neither a depositor nor a beneficiary has a property interest in a special deposit.
2. Any property interest with respect to a special deposit is only in the right to receive payment if the bank is obligated to pay a beneficiary and not in the special deposit itself. Any property interest under this subdivision shall be subject to the provisions of this chapter and to rules and regulations made in accordance therewith.