Establishes the Rhode Island Special Deposits Act to govern special deposits via account agreements between banks and depositors or beneficiaries.

The Rhode Island Special Deposits Act governs special deposits through account agreements between banks and depositors or beneficiaries. It outlines the duties and liabilities of banks, the rights of beneficiaries, and the conditions under which creditor processes can be enforced against banks. The act also specifies that neither depositors nor beneficiaries have a property interest in special deposits. It applies to deposits made under agreements executed after the act's effective date.

Establishes the Rhode Island Special Deposits Act to govern special deposits via account agreements between banks and depositors or beneficiaries.

The Rhode Island Special Deposits Act governs special deposits through account agreements between banks and depositors or beneficiaries. It outlines the duties and liabilities of banks, the rights of beneficiaries, and the conditions under which creditor processes can be enforced against banks. The act also specifies that neither depositors nor beneficiaries have a property interest in special deposits. It applies to deposits made under agreements executed after the act's effective date.