This article applies to: (1) A special deposit made under an account agreement executed on or after the effective date of this article; and (2) A deposit made under an agreement executed before enactment of this article, if: (A) All parties entitled to amend the agreement agree to make the deposit a special deposit governed by this article; and (B) The special deposit referenced in the amended agreement satisfies §31A-9-5 of this code.
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