- (1) a deposit of funds in a bank under an account agreement;
- (2) for the benefit of at least two beneficiaries, one or more of which may be a depositor;
- (3) denominated in a medium of exchange that is currently authorized or adopted by a domestic or foreign government;
- (4) for a permissible purpose stated in the account agreement; and
- (5) subject to a contingency.
Enacted by Chapter 482, 2025 General Session