there is no “contract of deposit of funds,” the brokerage account is not an “account” for purposes of the MPAA. Furthermore, DL & F submits that MSDW is not a “financial institution” as that term is defined in the statute. DL & F maintains that courts in other jurisdictions have also come to these same conclusions when construing the Uniform Probate Code, the code on which the Multiple-Party Accounts Act is based. See Union National Bank of Texas v. Ornelas-Gutierrez, 772 F.Supp. 962 (S.D.Tex.1991) (finding that the investment by UNB in book-entry United States Treasury bills on behalf of a depositor was not an “account” as defined by the Texas Probate Code, but rather was a brokerage-custodial agreement between UNB and the depositor); Berg v. D.D.M., 603 N.W.2d 361 (Minn.App.1999) (<HOLDING>). Multiple Party Account The MPAA defines an
holding that an application containing the statement i hereby request that the defendant open a brokerage account did not create an enforceable contract holding that fathers investment account with stock brokerage firm was not a multipleparty account available for payment of child support holding bankruptcy courts determination that payment on account was made for new value erroneous as matter of law holding that language in a merrill lynch customer account agreement that the plaintiff signed upon opening the first account  providing for arbitration of any controversy  arising out of its business  applied to the disputed second account even though the plaintiff did not sign a separate customer account agreement for the second account holding that the court erred in failing to credit fathers child support account for the entire amount that he paid for the mothers mortgage