Statute · New York Banking Law
N.Y. Banking Law § 680-o — Transitional provision
N.Y. Banking Law § 680-o
- Type
- Statute
- Source
- New York Banking Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 680-o. Transitional provision. This article applies to:
Citator
N.Y. Banking Law § 680-o — Transitional provision is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.