TITLE XXXV BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
CHAPTER 384-H UNIFORM SPECIAL DEPOSITS ACT
Section 384-H:3
384-H:3 Scope; Choice of Law; Forum. –
I. This chapter shall apply to a special deposit under an account agreement that states the intention of the parties to establish a special deposit governed by this chapter, 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.
II. 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.
III. This section shall not affect:
(a) A right or obligation relating to a deposit other than a special deposit under this chapter; or
(b) The voidability of a deposit or transfer that is fraudulent or voidable under any other law.