§ 5103. Scope; choice of law; forum.
150 words·~1 min read·
/de/title-5/chapter-51-uniform-special-deposits-act/5103·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)This chapter applies to a special deposit under an account agreement that states the intention of the parties to establish a special deposit governed by this chapter, 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 chapter does not affect:
(1)A right or obligation relating to a deposit other than a special deposit under this chapter; or
(2)The voidability of a deposit or transfer that is fraudulent or voidable under other law.