§ 54D-3. Scope; choice of law; forum.
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/nc/chapter-54d/54d-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 54D-3. Scope; choice of law; forum.
(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 either of the following:
(1)A right or obligation relating to a deposit other than a special deposit under this Chapter.
(2)The voidability of a deposit or transfer that is fraudulent or voidable under other law. (2025-25, s. 158.)