N.Y. Banking Law Section 680-G
Property interest of depositor or beneficiary


1.

Neither a depositor nor a beneficiary has a property interest in a special deposit.

2.

Any property interest with respect to a special deposit is only in the right to receive payment if the bank is obligated to pay a beneficiary and not in the special deposit itself. Any property interest under this subdivision shall be subject to the provisions of this chapter and to rules and regulations made in accordance therewith. * NB Effective January 1, 2026

Source: Section 680-G — Property interest of depositor or beneficiary, https://www.­nysenate.­gov/legislation/laws/BNK/680-G (updated Dec. 12, 2025; accessed Dec. 13, 2025).

Verified:
Dec. 13, 2025

Last modified:
Dec. 12, 2025

§ 680-G. Prop. interest of depositor or beneficiary's source at nysenate​.gov

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