TITLE XXXV BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
CHAPTER 384-H UNIFORM SPECIAL DEPOSITS ACT
Section 384-H:5
384-H:5 Requirements for Special Deposit. –
A deposit shall qualify as a special deposit if it is:
I. A deposit of funds in a bank under an account agreement;
II. For the benefit of at least 2 beneficiaries, one or more of which may be a depositor;
III. Denominated in a medium of exchange that is currently authorized or adopted by a domestic or foreign government;
IV. For a permissible purpose stated in the account agreement; and
V. Subject to a contingency.