6-253. Scope; choice of law; forum
150 words·~1 min read·
/az/title-6/6-253A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. 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.
B. 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.
C. This article does not affect:
1. A right or obligation relating to a deposit other than a special deposit under this article; or
2. The voidability of a deposit or transfer that is fraudulent or voidable under other law.