Uniform Special Deposits Act: A Primer on What’s Special About the USDA
Wednesday, September 23, 2026 | 4:00 pm – 5:30 pm
Format: Webinar
Description:
The Uniform Special Deposits Act (the “USDA”), promulgated by the Uniform Law Commission in 2023, was recently enacted in New York. It provides for a uniform legal framework for special bank deposits where the recipient is determined only upon the occurrence of the specified contingency. The program will explore how the USDA addresses issues involving escrow-like arrangements, payment assurances, creditor rights, and the segregation of funds in financing and transactional structures. Panelists will discuss key provisions of the Act, its adoption trends across jurisdictions, and practical implications for financial institutions, commercial parties, and legal practitioners. The presentation will also consider how the USDA interacts with existing UCC principles and emerging transactional practices in modern commerce.
Click Here to View Program Agenda & Faculty
CLE Credit:
New York: 1.5 Professional Practice
New Jersey: 1.5 General
California: 1.5 General
Pennsylvania: 1.0 General
Connecticut: Available to Licensed Attorneys
Program Fee:
$49 Members | $149 Nonmembers
*For New York Newly Admitted Attorneys: Skills credits completed after December 31, 2025, must be completed in the traditional live classroom setting or by fully interactive videoconference. City Bar Webinar programs are not considered a fully interactive videoconference. Please see the CLE Format Requirements for Newly Admitted Attorneys for additional information.
For New York Attorneys: This program is a transitional/non-transitional course.
Program Co-Chairs:
Gizem Alper, Chair, Commercial Law & Uniform State Committee
Barbara Goodstein, Member, Commercial Law & Uniform State Committee
Sponsoring Committee:
Commercial Law & Uniform State Laws | Gizem Alper, Chair
Information about our Financial Aid Policy and Application can be found here.