(1) A deposit is a special deposit if it is:
(a) A deposit of funds in a bank under an account agreement;
(b) For the benefit of at least two beneficiaries, one or more of which may be a depositor;
(c) Denominated in a medium of exchange that is currently authorized or adopted by a domestic or foreign government;
(d) For a permissible purpose stated in the account agreement; and
(e) Subject to a contingency.
Source: L. 2024: Entire article added, (HB 24-1232), ch. 200, p. 1225, � 1, effective August 7.