Danielle B. Abada

Feb 13, 2025 | businesslawtoday.org | Patrick A. Guida |Thomas Baxter |Michael Wiseman |Danielle B. Abada

The Uniform Special Deposits Act (“USDA” or the “Act”) is a product of the Uniform Law Commission and was approved at its 2023 Annual Meeting. After consideration and deliberation by the Uniform Law Commission’s Special Deposits Committee, the Uniform Special Deposits Act was drafted to provide clarity on an area of law that has been subject to uncertainty for a number of years.