(1) This article 111 applies to: (a) A special deposit made under an account agreement executed on or after August 7, 2024; and (b) A deposit made under an agreement executed before August 7, 2024, if: (I) All parties entitled to amend the agreement agree to make the deposit a special deposit governed by this article 111; and (II) The special deposit referenced in the amended agreement satisfies section 11-111- 105.
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