(1) This article 111 applies to a special deposit under an account agreement that states the intention of the parties to establish a special deposit governed by this article 111, 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.
(2) 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.
(3) This article 111 does not affect:
(a) A right or obligation relating to a deposit other than a special deposit under this article 111; or
(b) The voidability of a deposit or transfer that is fraudulent or voidable under other law.
Source: L. 2024: Entire article added, (HB 24-1232), ch. 200, p. 1224, � 1, effective August 7.