Requirements for special deposit
N.D. Cent. Code § 6-08.6-04
in effect6-08.6-04. Requirements for special deposit
A deposit is a special deposit if it is:
1. A deposit of funds in a bank or credit union under an account agreement;
2. For the benefit of at least two beneficiaries, one or more of which may be a depositor;
3. Denominated in a medium of exchange that is currently authorized or adopted by a
domestic or foreign government;
4. For a permissible purpose stated in the account agreement; and
5. Subject to a contingency.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t06c08-6.pdf#nameddest=6-08p6-04Fetched: 10/16/2026