Uniform Special Deposits Act | MidpageUniform Special Deposits Act
910Short Title910.1Definitions910.2Special Deposit under Account Agreement - Dispute Resolution Forum910.3Account Agreement Effects - Beneficiary Amendments910.4Special Deposit Definition910.5Special Deposit Purpose910.6Beneficiary Payment - Bank Obligation - Termination of Obligation910.7Property Interest in Special Deposits910.8Creditor Process in Special Deposits910.9Court Granted Relief910.10Right of Recoupment - Bank Exception and Procedure910.11Bank-Beneficiary Relationship - Bank Duties910.12Special Deposit Termination Date910.13Governing Law - Title 12A Supplement910.14Jurisdictional Enactment1001Powers of Trust Companies1001.1Rediscounting and Selling of Assets1002Restrictions on Acting in Certain Fiduciary Capacities - Reciprocity1003Advertising Performance of Legal Services Prohibited1004Deposits of Securities with Commissioner1005Banks Having Trust Powers and Trust Companies Not Required to Give Securities as Trustee, etc.1006Trust Department Kept Separate - Marking and Labeling Securities - Prohibited Operations of Banks Having Trust Powers1007Lien and Claim Upon Bank Failure1008Investments - Acceptance as Securities by Public Officials of this State1009Official's Oath or Affidavit1010Common Trust Funds1011Loans of Trust Funds to Officers and Employees Prohibited1012Banks Having Trust Powers and Trust Companies Subject to Examination and Supervision of Commissioner1013Disclosure of Communications and Writings Prohibited - Exceptions1014Closing of Trust Unduly Delayed1015Banks Authorized to Engage in Trust Business - Powers - Restrictions1016Service Charges Not Part of Interest on Loans1017Voluntary Relinquishment of Trust Powers1018Voluntary or Involuntary Liquidation1019Merger, Consolidation and Sale of Assets1020Existing Trust Powers of Religious, Charitable, etc. Corporations Not Denied1021Liquidation, Dissolution and Reorganization of Trust Companies1022Banks, Trust Companies and National Banking Associations - Registration in Name of Nominee Securities Held in Fiduciary Capacity1023Deposit of Securities in Clearing Corporation or Federal Reserve Bank1024Control of Trust Company - Notice - Disapproval1101Merger or Conversion1102Approval of Merger by Directors and Merger Agreement1103Approval by Board1104Approval by Stockholders - Rights of Dissenters - Notice and Value of Dissent Shares1105Effective Date of Merger, Filing of Approved Agreement, Certificate of Merger as Evidence1106Continuation of Corporate Entity1107Conversion From State Bank to National and of National to State Bank, and Trust Powers1108Nonconforming Assets or Business1109Sale of All Assets of Bank or Department1109.1Asset Sales Other Than in the Ordinary Course of Business1201Voluntary Liquidation and Dissolution1110Book Value of Assets1111State Bank Merger1202Involuntary Liquidation by Commissioner - Reorganization1203Reorganization1204Liquidation by Commissioner - Procedure1205Federal Deposit Insurance Corporation as Liquidator1206Appointment of Conservator1207Authority of Commissioner to Transfer Title1301Definitions1301.1Deputy Appointment1301.2Authorization for Access to Safe Deposit Box Upon Death of Lessee1302Authority to Lease Safe Deposit Boxes1303Access by Fiduciaries1305Lease to Minor1304Effect of Lessee's Death or Incompetence1306Lease to Corporation1307Assumed Names1308Search Procedure on Death1309Adverse Claims to Contents of Safe Deposit Box1310Lien of Lessor, Special Remedies and Proceedings for Nonpayment of Rent1311Limitation of Liability and Regulations1312Garnishment - Proceedings in Aid of Execution1313Estate Taxes or Rights of State or Tax Commission Not Affected1401Transaction of Banking Business Not Authorized by Law - Unauthorized Use of Words Bank, Bankers, etc.1403Unlawful Use of Words1405Unlawful Gratuity or Compensation - Transactions of Persons Connected With Bank1406Receipt of Deposits While Insolvent1407Unlawful Service as Officer or Director1408Unlawful Service as Commissioner, Deputy Commissioner, Administrative Assistant, Assistant Bank Commissioner1409Unlawful Concealment of Transactions1410Improper Maintenance of Accounts - False or Deceptive Entries and Statements1411Unlawful Payment of Penalties and Judgments Against Others, Including Directors and Officers1412Embezzlement or Misapplication of Funds1413Libel and Slander1414Criminal Sanctions, Violations of Rules and Orders - Nonapplicability Where Criminal Sanctions Imposed in Other Sections of Code1415Injunction1416Prohibited Acts - Remedies of Commissioner1417Unlawful Acts of Banks1418Prohibited Acts - Exemptions1515Promulgation of Rules - Interpretive Statements and Opinions of the Commissioner1511Short Title1512Definitions1513Registration of a Money Services Business - Fee - Violations - Penalties1514Information Sharing1520Digital Asset Kiosk - Definitions1520.1Digital Asset Kiosk Operator Restrictions - Penalties - Rules - Recovery - Reporting - Disclosures - Refunds - Transaction Limits