Limitation on scope of Part

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§6-202. Limitation on scope of Part

This Part does not apply to:   [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]

1.  Business purpose.  An account established for a partnership, joint venture or other organization for a business purpose;  

[PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]

2.  Controlled by agent or trustee.  An account controlled by one or more persons as an agent or trustee for a corporation, unincorporated association or charitable or civic organization; or  

[PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]

3.  Other relationship.  A fiduciary or trust account in which the relationship is established other than by the terms of the account.  

[PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]

SECTION HISTORY

PL 2017, c. 402, Pt. A, §2 (NEW). PL 2017, c. 402, Pt. F, §1 (AFF). PL 2019, c. 417, Pt. B, §14 (AFF).


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