Arizona Arizona Revised Statutes
§ 6-253 — Scope; choice of law; forum
ARS § 6-253Title 6. Banks and Financial Institutions · Ch. 2. BANK ORGANIZATION AND REGULATION · Art. 5.1. Special Deposits
Statute text
View on source6-253. Scope; choice of law; forum A. This article applies to a special deposit under an account agreement that states the intention of the parties to establish a special deposit governed by this article, 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. B. 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. C. This article does not affect: 1. A right or obligation relating to a deposit other than a special deposit under this article; or 2. The voidability of a deposit or transfer that is fraudulent or voidable under other law.