N.Y. Banking Law Section 680-B
Scope

  • choice of law
  • forum

1.

This article applies to a special deposit under an account agreement that states the intention of the parties to establish a special deposit governed by this article, 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.

2.

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.

3.

This article does not affect:

(a)

a right or obligation relating to a deposit other than a special deposit under this article; or

(b)

the voidability of a deposit or transfer that is fraudulent or voidable under other law. * NB Effective January 1, 2026

Source: Section 680-B — Scope; choice of law; forum, https://www.­nysenate.­gov/legislation/laws/BNK/680-B (updated Dec. 12, 2025; accessed Dec. 13, 2025).

Verified:
Dec. 13, 2025

Last modified:
Dec. 12, 2025

§ 680-B. Scope's source at nysenate​.gov

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