state_legiscan_backfill · DC
Uniform Special Deposits Act of 2025
January 7, 2025
Summary
If enacted, this bill would establish a legal framework for the creation and treatment of special deposits, allowing banks and depositors to opt into specific protocols for deposit management. It further clarifies the rights of creditors and bankruptcy administrators regarding these deposits, providing greater certainty for financial institutions handling special arrangements.
Source: https://lims.dccouncil.gov/Legislation/B26-0032
Common questions
- What does "Uniform Special Deposits Act of 2025" cover?
- If enacted, this bill would establish a legal framework for the creation and treatment of special deposits, allowing banks and depositors to opt into…
- When was it published?
- It was published on January 7, 2025.