|(a) If the depository determines that doing so is necessary
to ensure compliance with the law, prevent fraud, or otherwise protect
the interests of the depository, this state, its agencies, or political
subdivisions of this state, the depository may:
(1) refuse to open a depository account for any person,
whether acting in the person's own right, as trustee, or in another
(2) deny, refuse, or return any deposit of bullion
(3) close or otherwise terminate without notice the
depository account of any person; or
(4) refuse to honor a request for the transfer of an
account or account balance.
(b) To protect the security and integrity of the depository,
the depository need not provide a reason for the refusal, denial,
or closure or an account under subsection (a) of this section.
(c) Deposits of bullion and specie, regardless of form,
will be recorded in units of troy ounces pure and will specify the
type and quantity of each precious metal that is deposited.
(d) Deposits of bullion and specie that are credited
to a depository account may be further classified by reference to:
(1) the particular form in which the metals were deposited;
(2) the mint at which the metals were produced;
(4) assay mark; or
(5) any other indicator as applicable.
(e) The depository may restrict the types and sources
of precious metals, bullion, or specie that may be deposited with
(f) The depository may restrict the forms in which
deposits of precious metals may be made to those forms that conveniently
lend themselves to measurement and accounting in units of troy ounces
and standardized fractions of troy ounces.
(g) The depository shall publish on its website the
types, sources, forms, and weights and measures of precious metals,
bullion, or specie that may be deposited with the depository.