11-111-103. Scope - choice of law - forum

11-111-103. Scope - choice of law - forum. (1) This article 111 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 111, 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) 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) This article 111 does not affect: (a) A right or obligation relating to a deposit other than a special deposit under this article 111; or (b) The voidability of a deposit or transfer that is fraudulent or voidable under other law.