NC General Statutes
N.C. Gen. Stat. § 54D-5 (2026)
Requirements for special deposit
✓ current as of July 2026
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A deposit is a special deposit if all of the following apply:
(1) The deposit is a deposit of funds in a bank under an account agreement.
(2) The deposit is for the benefit of at least two beneficiaries, one or more of which may be a depositor.
(3) The deposit is denominated in a medium of exchange that is currently authorized or adopted by a domestic or foreign government.
(4) The deposit is for a permissible purpose stated in the account agreement.
(5) The deposit is subject to a contingency. (2025-25, s. 158.)