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Code · North Carolina · Chapter 54D — Uniform Special Deposits Act

§ 54D-8. Property interest of depositor or beneficiary.

71 words·~1 min read·/nc/chapter-54d/54d-8

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§ 54D-8. Property interest of depositor or beneficiary.
(a)Neither a depositor nor a beneficiary has a property interest in a special deposit.
(b)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 subsection is determined under other law. (2025-25, s. 158.)
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