Answer:
Nothing more than you normally require for a public governmental entity opening an account, unless there are specific State or local rules you need to follow.
A Holding Account for Seized Funds
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Question:
I am inquiring about opening an account for local police department. They are needing a non-interest bearing account to hold money in that has been seized. The final disposition will be decided by the courts.
Is it possible to open a non-interest account and if so how or what do they need to do in order to obtain this?
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