1. (1) This chapter applies 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 the special deposit itself, has a reasonable relation to this state.
2. (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. (3) This chapter does not affect:

   1. (a) a right or obligation relating to a deposit other than a special deposit under this chapter; or
   2. (b) the voidability of a deposit or transfer that is fraudulent or voidable under other law.

Enacted by Chapter 482, 2025 General Session