Ariz. Rev. Stat. » Title 6
Arizona Revised Statutes

Ariz. Rev. Stat. § 6-255 (2026)

Requirements for special deposits

✓ current as of May 2026
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6-255. Requirements for special deposits

A deposit is a special deposit if it is:

1. A deposit of funds in a bank under an account agreement.

2. For the benefit of at least two beneficiaries, one or more of which may be a depositor.

3. Denominated in a medium of exchange that is currently authorized or adopted by a domestic or foreign government.

4. For a permissible purpose as stated in the account agreement; and

5. Subject to a contingency.

Notes of Decisions
Cited in 1 case, 1977–1977 · leading case: Browne v. Nowlin, 570 P.2d 1246 (Ariz. 1977).
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Browne v. Nowlin, 570 P.2d 1246 (Ariz. 1977). · cites it 2× “§ 6-254, which was combined with A.R.S. § 6-255 and incorporated into A.R.”
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