For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Requirements for special deposit.

G.S. 54D-5
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
§ 54D-5.  Requirements for special deposit. A deposit is a special deposit if all of the following apply: (1) The deposit is a deposit of funds in a bank under an account agreement. (2) The deposit is for the benefit of at least two beneficiaries, one or more of which may be a depositor. (3) The deposit is denominated in a medium of exchange that is currently authorized or adopted by a domestic or foreign government. (4) The deposit is for a permissible purpose stated in the account agreement. (5) The deposit is subject to a contingency.  (2025-25, s. 158.)
Source: North Carolina General Assembly (ncleg.gov)URL: https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_54D/GS_54D-5.htmlFetched: 10/19/2026

Starting a business in North Carolina? North Carolina LLC guide: costs and requirements