Title XXXV, Banks and Banking; Loan Associations; Credit Unions

The Uniform Commercial Code, RSA 382-A:9-101 to 382-A:9-628, and law governing consumer protection, law governing deposits generally, law related to escheat and abandoned or unclaimed property, and the principles of law and equity, including law related to capacity to contract, p…

In applying and construing this uniform act, a court shall consider the promotion of uniformity of the law among jurisdictions that enact it.

This chapter shall apply to: I. A special deposit made under an account agreement executed on or after the effective date of this chapter; and II. A deposit made under an agreement executed before the effective date of this chapter, if: (a) All parties entitled to amend the agree…

The provisions of this chapter shall be severable. If any provision of this chapter or its application is held invalid, that invalidity shall not affect other provisions or applications that can be given effect without the invalid provision or application.

In this chapter: I. "Account agreement" means an agreement that: (a) Is in a record between a bank and one or more depositors; (b) May have one or more beneficiaries as additional parties; and (c) States the intention of the parties to establish a special deposit governed by this…

I. This chapter shall apply to a special deposit under an account agreement that states the intention of the parties to establish a special deposit governed by this chapter, regardless of whether a party to the account agreement or a transaction related to the special deposit, or…

I. The effects of RSA 384-H:2 through 384-H:6, 384-H:8 through 384-H:11, and 384-H:14 shall not be varied by agreement, except as provided in those sections. Subject to paragraph II, the effects of RSA 384-H:7, 384-H:12, and 384-H:13 may be varied by agreement. II. A provision in…

A deposit shall qualify as a special deposit if it is: I. A deposit of funds in a bank under an account agreement; II. For the benefit of at least 2 beneficiaries, one or more of which may be a depositor; III. Denominated in a medium of exchange that is currently authorized or ad…

I. A special deposit shall serve at least one permissible purpose stated in the account agreement from the time the special deposit is created in the account agreement until termination of the special deposit. II. If, before termination of the special deposit, the bank or a court…

I. Unless the account agreement provides otherwise, the bank shall be obligated to pay a beneficiary if there are sufficient actually and finally collected funds in the balance of the special deposit. II. Except as provided in paragraph III, the obligation to pay the beneficiary …

I. Neither a depositor nor a beneficiary shall have a property interest in a special deposit. II. Any property interest with respect to a special deposit shall be only in the right to receive payment if the bank is obligated to pay a beneficiary and not in the special deposit its…

I. Subject to paragraph II, creditor process with respect to a special deposit shall not be enforceable against the bank holding the special deposit. II. Creditor process shall be enforceable against the bank holding a special deposit with respect to an amount the bank is obligat…